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AML / KYC
SFC AML/CFT Guideline Revisions to Take Effect in November
By Editors | 15/10/2018
A July consultation proposed amendments to improve the Guideline’s usefulness and relevance and ensure its alignment with international AML/CFT standards.
Enforcement
SFC to ‘Vigorously Pursue’ Individuals Culpable for Misconduct
By Manesh Samtani | 10/10/2018
The SFC will do “whatever it takes” to tackle capital markets misconduct, said deputy chief executive Julia Leung at the 2018 Refinitiv Pan Asian Regulatory Summit.
Securities / Derivatives
Hong Kong, UK Sign Mutual Recognition of Funds Agreement
By Manesh Samtani | 09/10/2018
The agreement allows eligible funds in Hong Kong and the UK to be distributed in each other’s market through a streamlined process.
Market Infrastructure
Hong Kong, Singapore Gear Up Reform in Asset Management Sector
By Manesh Samtani | 04/10/2018
Remi Toucheboeuf at BNP Paribas Securities Services sat down with Regulation Asia to talk about new opportunities for fund managers in Hong Kong and Singapore.
ESG / Sustainability
Hong Kong Lays Out Road Map for Green Finance Development
By Garima Chitkara | 24/09/2018
The SFC will require better environmental and climate risk disclosures by listed companies and asset managers, and will work with HKEX to promote green financial products.
Enforcement
SFC Fines Huatai Financial for Naked Short Selling
By Editors | 19/09/2018
Huatai Financial’s unintentional short sale of Great Wall Motor bonus shares in 2015 was as a result of inadequate systems and internal controls.
Capital / Liquidity
SFC Proposal to Restrict Margin Lending Threatens Brokers’ Survival – Report
By Garima Chitkara | 11/09/2018
LegCo member Christopher Cheung met with SFC chairman Carlson Tong to represent broker concerns on potential margin lending restrictions.
Market Infrastructure
FundForum: European Policy Impacts on APAC Asset Managers
By Manesh Samtani | 10/09/2018
MiFID II and GDPR have been the biggest European regulations to impact asset management firms in Asia, according to FundForum panellists last week.
Enforcement
HKMA Endorses Benefits of Cooperation
By Will Hallatt | 07/09/2018
The HKMA’s guidance note expressly signals its desire to encourage and facilitate cooperation in investigations and enforcement proceedings, noting time, cost and resource savings for the regulator and institutions or individuals concerned.
ESG / Sustainability
FundForum: Nurturing Growth in Hong Kong’s Asset Management Sector – SFC
By Manesh Samtani | 06/09/2018
The SFC’s Alexandra Yeong says Hong Kong has made great strides towards becoming a global centre for asset management.
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