Events listed in circular
Revised Guidelines VI.4 on Continuing Training for Subsidiary Intermediaries (CPD ...
ID 24603
On August 9, 2023, the Mandatory Provident Fund Schemes Authority, MPFA, published a circular (SU/CCO/2023/003) addressed at subsidiary intermediaries (SIs) as regards their Continuing Professional Development (CPD) (training) requirements. Specifically, the MPFA informs that it has issued a revised version of its Guidelines on Continuing Training for Subsidiary Intermediaries which will be effective on January 1, 2024. The revisions are aimed at enhancing the ...
Joint circular to intermediaries Streamlined approach for compliance with ...
ID 24465
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have released a joint circular addressed at financial market intermediaries regarding their compliance with suitability obligations when dealing with sophisticated professional investors (SPIs) who possess substantial net worth and financial expertise. In this circular, both regulators seek to clarify some issues in this context, thereby noting the following: Suitability assessments involv ...
Enhanced Competency Framework on Green and Sustainable Finance (PDF File, 1.0 MB)
ID 24454
The Hong Kong Monetary Authority, HKMA, has issued a circular primarily addressed at authorized financial institutions as regards an „Enhanced Competency Framework on Green and Sustainable Finance (ECF-GSF)“. In this circular, the HKMA informs that the Authority itself, the Hong Kong Institute of Bankers (HKIB), and the banking industry have joined efforts to prepare aforementioned enhanced framework which aims to establish transparent and common ...
Circular to intermediaries HKEX’s annual rehearsal for trading system recovery
ID 24453
The Securities and Futures Commission (SFC) has published a circular to inform intermediaries of the „annual rehearsal for trading system recovery“ of the Hong Kong Exchanges and Clearing Limited (HKEX). Specifically, the rehearsal is scheduled for August 19, 2023, 11:00 a.m. to 3:10 p.m. and will cover two processes related to the Hong Kong investor identification regime (HKIDR), namely (as quoted) 1. the submission ...
Circular on licensing and registration of depositaries of SFC-authorised collective ...
ID 24430
Following the publication of a consultation response paper in March 2023 concerning registration or licensing requirements of depositories of SFC-authorized Collective Investment Schemes, CISs (please see EventID 20399 in this context for more information), the Securities and Futures Commission of Hong Kong, SFC, has now published a related circular. The circular is aimed at providing guidance in relation to these new requirements and outlines ...
Issuers Committee Rundschreiben Nr. 1 – (Aktualisierung des Issuers Committee ...
ID 24421
Das Rundschreiben Nr. 1 des Issuers Committee enthält Klarstellungen und Aktualisierungen zu den revidierten Bestimmungen in den Bereichen Ad-hoc-Publizität und Corporate Governance. Als regulatorische Grundlage dienen das KR und die RLAhP, sowie die RLCG, die am 1. Juli 2021 in Kraft traten. Ad hoc-Publizität: Begriffe der Kursrelevanz und des verständigen Marktteilnehmers (Art. 53 Abs. 1 KR und Art. 53 Abs. 1bis KR): Der Begriff ...
Circulaire CSSF 23/839
ID 24399
The Circular CSSF 23/839, issued on 26 July 2023, amends Circular CSSF 21/789 and is directed at all Investment Fund Managers operating under Luxembourg Law, as well as those involved in the operation and control of these entities. The first notable change is the **clarification of the circular’s scope of application for management companies subject to Article 125-1 of Chapter 16 of the UCI ...
Circulaire CSSF – Circulaire CSSF-CPDI 23/37
ID 24272
Circular CSSF-CPDI 23/37 aims to conduct a regular survey on deposits, with a particular focus on covered deposits, as held by various institutions under Luxembourg law and branches of credit institutions headquartered in a third country, as of 30 June 2023. The definition of „covered deposits“ and „eligible deposits“ is provided in Article 163 of the BRRD Law. **Circular CSSF-CPDI 16/02, as amended by ...
MaAbwicklungsbewertung: BaFin aktualisiert Rundschreiben
ID 24245
Die BaFin hat ein neues Rundschreiben 06/2023 „Mindestanforderungen an Informationssysteme zur Bereitstellung von Informationen für Bewertungen im Rahmen einer Abwicklung (MaAbwicklungsbewertung)“ veröffentlicht, das das frühere Rundschreiben 02/2021 zur Mindestanforderungen an Informationssysteme zur Bereitstellung von Informationen für Bewertungen im Rahmen einer Abwicklung (MaBewertung) ersetzt (bitte EventID #9879 beachten) und auf der Konsultation 07/2023 bas ...
Applicable Jurisdictional Countercyclical Capital Buffer (CCyB) Ratio for Hong Kong ...
ID 24205
The Hong Kong Monetary Authority (HKMA) has issued a circular to announce that it will leave the countercyclical capital buffer (CCyB) for Hong Kong at 1.00% for the time being. The decision follows a careful analysis of global and local economic conditions. With respect to the local economy, the HKMA has noted a further stabilization in the second quarter of 2023. However, this situation ...