Events listed in Hong Kong
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 ...
SFC welcomes licence and registration applications from depositaries of public funds
ID 24412
The Securities and Futures Commission, SFC, has published a statement to once again remind of the fact that it is currently accepting applications from existing depositories of Collective Investment Schemes (CISs) for licensing and registration of a RA 13 activity related to depositories. Applications may only be submitted via WINGS, the online filing platform of the SFC, up to November 30, 2023 (inclusive). RA ...
SFC welcomes IOSCO endorsement of new sustainability disclosure standards
ID 24402
The Securities and Futures Commission of Hong Kong, SFC, has published a press statement to announce that it is very pleased with the decision of the International Organization of Securities Commissions (IOSCO) to endorse the IFRS Sustainability Disclosure Standards developed by the International Sustainability Standards Board (ISSB) (please see EventID 22185 in this context for more information on the endorsement). These standards aim to ...
HKEX Signs Cooperation Agreement with Indonesia Stock Exchange
ID 24401
The Hong Kong Exchanges and Clearing Limited (HKEX) has published a press statement to inform that the exchange itself and the Indonesia Stock Exchange (IDX) have signed a Memorandum of Understanding (MoU) to foster collaboration in various strategic areas. This partnership aims to support the development of both organizations and their markets. The MoU entails plans for cross-border listings, joint product development, and initiatives ...
MPFA Blog – eMPF Platform targets full operation in 2025
ID 24230
On July 16, 2023 the Mandatory Provident Fund Schemes Authority (MPFA) published a press release in relation to the upcoming eMPF Platform which seeks to „standardise, streamline and automate the administration processes of Mandatory Provident Fund (MPF) schemes“. In the statement, MPFA Chairman Mrs. Ayesha Macpherson Lau provides an update on the progress of the eMPF Platform project, which is regarded as the largest ...
GN 4168 of 2023
ID 24221
The Securities and Futures Commission of Hong Kong, SFC, has published a General Notice, G.N. 4168/2023, to gazette the revocation of all prior forms published on the Commission’s web site and accessible through WINGS, the electronic filing platform of the SFC (http://wings.sfc.hk) prior to July 21, 2023. The new forms as listed on the site shall be used for the purpose of submitting licensing ...
GN 4169 of 2023
ID 24220
The Securities and Futures Commission of Hong Kong, SFC, has published a General Notice, G.N. 4169/2023, to gazette several new forms to be used for filings with the Commission pursuant to Section 402 of the Securities and Futures Ordinance when WINGS, the electronic filing platform of the SFC, is unavailable. The affected forms are the following: #### Forms 1U – Application for Licence – ...
Joint statement of the Securities and Futures Commission (SFC) and the Accounting ...
ID 24219
In view of recent observations regarding dubious lending practices or loan arrangements of issuers involving financial assets of the issuer firm, the Securities and Futures Commission (SFC) and the Accounting and Financial Reporting Council (AFRC) have jointly published a statement in this context. Specifically, the regulators have noticed an increase in activities, where issuers seem to channel funds to third parties under the pretext ...
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 ...
LCQ22: Formulating environmental, social and governance standards
ID 24195
During a session of the Legislative Council on July 12, 2023, Mr. Christopher Hui, Secretary for Financial Services and the Treasury (FS), provided answers to a number of questions raised by Parliament members in connection with ESG (disclosure) standards in Hong Kong. These questions primarily related to the establishment, promotion, and education of or on Hong Kong ESG standards and specifically seek to inquire ...