Events listed in Hong Kong
FAQs – Licensing: Competence requirements for individuals
ID 22394
The Securities and Futures Commission, SFC, has published an updated version of its frequently asked questions (FAQs) on the competence requirements of individuals for licensing purposes. The FAQs clarify numerous issues around these requirements, ranging from the Commission’s understanding of „management experience“, to an applicant’s (or registrant’s) obligations regarding the participation in „Continuous Professional Training (CPT)“ ...
UBS AG’s acquisition of Credit Suisse AG HK banking system resilient: CE
ID 22374
In view of the announcement of the Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank (SNB) that Credit Suisse AG will be taken over by UBS AG, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have issued a joint press statement. Therein, both regulators state that they strongly welcome the acquisition and the SNB’s decision to ...
SFC issues guidance in light of new Mainland rules for overseas listings
ID 22331
On March 17, 2023, the Securities and Futures Commission of Hong Kong, SFC, issued a statement to inform that it has published a new Practice Note (PN25) and a new frequently asked question (FAQ) to guide issuers with respect to new regulations of the People’s Republic of China (PRC) relating to „overseas listings“. The Practice Note thereby elaborates on the new regulations which eliminate ...
HKEX Submits Application to Launch RMB Counter for Trading of HKEX Shares
ID 22280
Following the announcement of plans in December 2022 to offer a dual counter trading model which will allow investors to interchange securities listed in both Hong Kong Dollar (HKD) and Renminbi counters, the Hong Kong Exchanges and Clearing Limited (HKEX) has now published another press statement in this context. Specifically, the HKEX informs that it has now applied with Hong Kong regulators to launch ...
FAQs – Publicly offered investment products: Presentation Materials on ...
ID 22269
The Securities and Futures Commission (SFC) has published an updated version of its presentation material regarding common ESG investment strategies used by ESG funds and corresponding frequently asked questions (FAQs). The material describes the differences between thematic investments, best in-class investments, and impact investments, before moving on to the criteria to be considered for each type of investment. In other words, the document outlines ...
Report on “Cross-boundary Payment and Settlement Systems in the Greater Bay Area: ...
ID 22259
The Hong Kong Monetary Authority has issued a press statement to inform that the Hong Kong Institute for Monetary and Financial Research (HKIMR), „the research arm of the Hong Kong Academy of Finance (AoF)“, published a new report entitled “Cross-boundary Payment and Settlement Systems in the Greater Bay Area: Current Practices and Recent Developments”. The report provides an overview of the current status of ...
Cross-Agency Steering Group and CDP co-organise joint seminar on sustainability ...
ID 22242
On March 13, 2023, the Hong Kong Monetary Authority (HKMA) published a press release to inform of a recent seminar on sustainability reporting which was co-organized by the Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) – which the HKMA and the Securities and Futures Commission (SFC) are members of – and CDP, an international non-profit organisation that runs the global environmental disclosure ...
Joint consultation on changes to the OTC derivative Clearing Rules
ID 22227
In view of the global benchmark rate reform and the transitioning away from inter-bank offered rates (IBORs) to alternative reference rates (ARRs), the Securities and Futures Commission of Hong Kong (SFC) and the Hong Kong Monetary Authority (HKMA) have launched a joint consultation on proposed revisions to the [*Securities and Futures (OTC Derivative Transactions – Clearing and Record Keeping Obligations and Designation of Central ...
United Nations Sanctions (Somalia) Regulation 2019 (Cap. 537CG) (Version Date: ...
ID 22204
Following the gazettal of the United Nations Sanctions (Somalia) Regulation 2019 (Amendment) Regulation 2023 by the Hong Kong government on March 3, 2023, a revised version of the United Nations Sanctions (Somalia) Regulation 2019 was now published on Hong Kong e-Legislation, the official platform for publicizing legal documents. The new version includes revisions to Part 1 (Preliminary), Part 2 (Prohibitions), and Part 3 (Licences) ...
SFC issues quarterly report
ID 22167
The Securities and Futures Commission of Hong Kong, SFC, has published its latest Quarterly Report covering the period from October through December 2022. The report provides some general statistical data e.g. on mutual fund registrations, licenses granted, or enforcement actions, and also summarizes industry developments and the Commission’s regulatory activities during the specified period. Some of the highlights are noted below: **- the coming ...