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AML / KYC
Hong Kong is Moving to a Robust Regulatory Framework for Crypto
By Etelka Bogardi | 19/04/2022
Etelka Bogardi and Amy Chung say Hong Kong’s efforts to regulate the crypto sector and stablecoin market are on the whole in line with international trends while leaving room for further development.
Enforcement
SFC Bans China Tonghai Securities Representative for 20 Months
By Editors | 12/04/2022
The representative conducted 1,089 trades in clients’ stock options accounts but was only given specific authorisation for 87 trades of the trades.
ESG / Sustainability
Hong Kong Launches Climate Risk Data Source Repository
By Editors | 06/04/2022
The repository contains a set of available data sources to help FIs manage climate-related risks and set climate-related goals and strategies.
Enforcement
Korea: FSC, FSS Relaunch Special Investigations Team
By Editors | 05/04/2022
The team comprises officials from the FSC and FSS, who will be authorised to investigate illegal acts in the capital market more quickly.
Securities / Derivatives
HKEX Publishes Testing Guidelines for HKIDR Implementation
By Editors | 04/04/2022
HKEX has published testing guidelines for market participants and intermediaries ahead of the implementation of the new investor identification regime.
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.
Securities / Derivatives
SFC Sets Out Expectations on Complaints Handling Processes
By Editors | 01/04/2022
LCs should set a 7-day timeline for acknowledging receipt of complaints and a 2-month timeline for providing a final response to the complainant.
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.
Enforcement
SFC Bans BNP Representative for Unauthorised Discretionary Trading
By Editors | 29/03/2022
The relationship manager asked clients to pre-sign blank instruction forms so he could place trades for their accounts without having to inform them in advance.
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