Securities and Futures Commission

Capital / Liquidity

HKEX Enhances Capital-based Position Limits for Options, Futures

By Manesh Samtani | 07/09/2020

SEOCH and HKCC clearing participants can apply to increase their capital-based position limits, provided they meet a set of criteria.

Securities / Derivatives

SFC to Enhance OFC Regime to Level Playing Field

By Manesh Samtani | 02/09/2020

The SFC will remove investment restrictions, expand custodian eligibility requirements, and introduce a statutory re-domiciliation mechanism.

Market Infrastructure

Hong Kong: OTC Clear Launches Sponsored Clearing Model

By Manesh Samtani | 31/08/2020

Foreign banks in Hong Kong that are unable to become full clearing members can use the ‘Sponsored Settlement Member’ model to access central clearing via OTC Clear.

Market Infrastructure

SFC, CSRC Approve Hong Kong-Mainland ETF Cross-listing

By Manesh Samtani | 28/08/2020

The new scheme follows the resumption of discussions between the SFC and CSRC in January on setting up an ETF Connect mechanism, after technical issues impeded earlier progress.

Enforcement

SFC Imposes Lifetime Ban on Former China Citic Bank Employee

By Editors | 26/08/2020

The former relationship manager is said to have falsely represented to customers that an additional fee was needed to open an account with CITIC – which he then pocketed.

Crypto / Digital Assets

Malaysia, Indonesia Regulators Sign Fintech Cooperation Pact

By Sanday Chongo Kabange | 24/08/2020

The agreement aims to facilitate information sharing, provide joint innovation opportunities, and facilitate cross-border referrals of fintech businesses.

AML / KYC

SFC Grants In-principle Approval to Virtual Asset Trading Platform

By Editors | 23/08/2020

Once conditions for final approval are satisfied, OSL will be able allowed to operate a brokerage and automated trading service for digital assets.

Securities / Derivatives

HKEX Adds Two More Taiwan Futures Contracts to MSCI Suite

By Manesh Samtani | 20/08/2020

HKEX is seeking CFTC certification for the new contracts. The move intensifies competition with SGX, which already has a CFTC-certified futures contract for Taiwan.

AML / KYC

PEPs in the Limelight: Three Components to Mitigate Risk

By Editors | 19/08/2020

To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.