Securities and Futures Commission

ESG / Sustainability

New Competency Framework to Take Effect from January: SFC

By Editors | 21/06/2021

Raising professional standards is crucial to maintain quality markets, particularly in view of the rapidly evolving financial landscape, says SFC chief Ashley Alder.

Securities / Derivatives

Hong Kong-Thailand Mutual Recognition of Funds Takes Effect

By Manesh Samtani | 17/06/2021

Hong Kong’s SFC and Thailand’s SEC say the MRF scheme has taken effect. Both have issued new guidance on obtaining authorisation under the scheme.

Securities / Derivatives

Hong Kong Enacts Framework for Uncertificated Securities Market

By Editors | 13/06/2021

The SFC will consult the market on the subsidiary legislation in due course to prescribe the detailed rules and implementation timetable.

Market Infrastructure

Regulatory Harmonisation Critical to OTC Derivatives Reporting

By Priya Kundamal | 11/06/2021

The fragmentation of trade reporting rules and the lack of a common data set across jurisdictions hinders transparency and global risk monitoring, writes DTCC’s Priya Kundamal.

Enforcement

SFC Suspends GEO Securities Executive for 7.2 Months

By Sanday Chongo Kabange | 11/06/2021

GEO’s breaches were attributable to Lun Sheung Nim’s failure to discharge his duties as a responsible officer and member of the senior management.

ESG / Sustainability

SFC Raises Supervisory Focus on Fund Manager Resilience

By Manesh Samtani | 08/06/2021

The SFC is on the lookout for funds with outsized and concentrated bets to prevent an Archegos-type event in Hong Kong.

Enforcement

Hong Kong: Appeals Tribunal Overturns Ban Against UBS Banker

By Editors | 07/06/2021

The SFAT concluded that the former UBS banker cannot be held personally responsible for the failings of the China Metal Recycling transaction team.

AML / KYC

Hong Kong’s Proposed Licensing Regime for VASPs

By Michael P Wong | 06/06/2021

Dechert partner Michael Wong looks at the potential impact of Hong Kong’s newly proposed licensing regime for virtual asset service providers.

HK to Exempt Top Execs of Financial Firms from Quarantine

By Sanday Chongo Kabange | 31/05/2021

Senior executives of licensed financial corporations or their overseas affiliates who are fully vaccinated, and meet the eligibility criteria, may apply for the exemption.