Securities and Futures Commission

Crypto / Digital Assets

Cybersecurity and Technology Risk Requirements Under Hong Kong’s New VATP Regime

By Albert Yuen | 27/06/2023

Albert Yuen, Kishore Bhindi, and Jasmine Yung explain the SFC’s requirements for virtual assets trading platforms around technology risk management and cybersecurity.

Crypto / Digital Assets

HSBC Starts Offering Customers Access to Crypto ETFs

By Editors | 27/06/2023

HSBC is allowing Hong Kong customers to buy and sell Bitcoin and Ether based ETFs listed on the local stock market.

Fintech / Regtech

SFC Grants Securities Licence to Virtual Bank for the First Time

By Editors | 21/06/2023

With the new licence, Mox Bank will start piloting Hong Kong and US equity trading services in the HKMA sandbox “soon”.

Enforcement

SFC Fines Taiping Securities Employee Dealing Control Failures

By Editors | 19/06/2023

Responsible officer had 293 transactions that exceeded the trading limit prescribed for his personal account.

Crypto / Digital Assets

UBS, BOCI Issue First Digital Structured Notes for APAC Clients

By Mark Johnston | 14/06/2023

In collaboration with UBS, BOCI has become the first Chinese financial institution to issue a tokenised security in Hong Kong.

Crypto / Digital Assets

Hong Kong: Going Digital Caused Scams to Rise 45.1% in 2022

By Karen Ng | 07/06/2023

Data compiled by law firm Freshfield Bruckhaus Deringer shows that Hong Kong deception cases grew 45.1 percent in 2022.

Market Infrastructure

HKEX Permits 21 Firms to List RMB Share Counters

By Sanday Chongo Kabange | 07/06/2023

Nine market markers are permitted to conduct market making or liquidity providing activities in dual counter securities starting 19 June.

Fintech / Regtech

SFC Chief Calls for Strong AI Governance at Licensed Firms

By Ranamita Chakraborty | 06/06/2023

The SFC will hold licensed firms responsible for conduct breaches involving AI, Julia Leung said at an HKIFA conference.

Securities / Derivatives

Changes to Position Limit Regime to Take Effect in December: SFC

By Manesh Samtani | 06/06/2023

Asset managers will have primary responsibility for position limit compliance and reporting obligations at the individual fund or sub-fund level.