Hong Kong Monetary Authority

HMKA, IA Issue Rules on Use of Premium Financing in Insurance

By Mark Johnston | 06/04/2022

The rules will promote better disclosures and facilitate informed decision-making by customers who intend to use premium financing for life policies.

Market Infrastructure

HKMA Issues Guidance on Customer Data Protection

By Editors | 04/04/2022

The guidance highlights the need for banks to put in place effective data governance frameworks and control measures to protect their customer data.

Market Infrastructure

HKMA, SFC to Add Calculation Periods to Clearing Rules

By Editors | 03/04/2022

The HKMA and SFC also proposed to add Nomura Financial Products Europe GmbH to the FSP List under the OTC derivatives clearing regime.

ESG / Sustainability

Hong Kong to Develop VCM, Unify GBA Carbon Market

By Manesh Samtani | 31/03/2022

Hong Kong’s VCM will target local, Mainland and overseas buyers of carbon credits. Authorities will also work to establish a unified carbon market for the GBA.

Securities / Derivatives

HKMA Updates Trade Reporting Specifications for OTC Derivatives

By Editors | 30/03/2022

A revised Administration and Interface Development Guide will take effect from 19 December 2022, taking into account pandemic-related operational challenges.

Fintech / Regtech

Huobi Seeks to Launch Retail Crypto ETF in HK

By Manesh Samtani | 30/03/2022

Huobi Tech has structured the ETF so that it won’t be restricted to just professional investors, possibly through the use of crypto futures listed on overseas exchanges.

Fintech / Regtech

HKMA Issues Additional Guidance for SVF Licensees

By Editors | 28/03/2022

New practice note offers guidance on governance, outsourcing, internal controls, technology risk, and business conduct, among other areas.

Fintech / Regtech

Greening Asia Through Data and Regulation

By Steven Yankelson | 09/03/2022

Effective and efficient ESG risk management and reporting practices can be enabled through better data and technology, says Steven Yankelson.

HKMA Seeks to Reassure Bankers Over Covid Restrictions

By Editors | 07/03/2022

Concerns are mounting over closed schools and bars, banned flights, and a plan to launch a mass testing programme that may be coupled with a citywide lockdown.