Events listed in Hong Kong
Circular to Licensed Corporations in relation to list of prescribed persons who ...
ID 22060
The Securities and Futures Commission of Hong Kong, SFC, has issued a circular informing about an updated list of firms which have reached their „clearing threshold under the clearing and record keeping rules for the OTC derivatives regime“ and which are subsequently subject to central clearing requirements.
Observations from Review of Selling Processes of Investment Products (PDF File, ...
ID 22041
The Hong Kong Monetary Authority, HKMA, has issued a circular to share the findings from a recent review of the investment product selling processes of supervised institutions. The Authority thereby encourages firms to review the findings and reflect on own processes and procedures „in light of these observations, and design proper and reasonable measures and controls so that the selling processes can be streamlined ...
G.N. 1129 / 2023
ID 22016
The Securities and Futures Commission of Hong Kong (SFC) has published a new General Notice (G.N. 1129 / 2023) to finally bring into force the new Hong Kong Investor Identification Regime (HKIDR) on March 20, 2023 and the new Over-the-counter Securities Transactions Reporting Regime (OTCR) on September 25, 2023. Under the investor identification regime, licensed corporations and registered institutions are required to submit to ...
Effective date for changes to Stock Connect trading calendar
ID 22011
Following a recent announcement of upcoming changes to the trading calendar for securities trading via Stock Connect, the Securities and Futures Commission of Hong Kong (SFC) has now published a follow-up statement in this context. To recall, in an effort to facilitate trading without time restrictions due to national holidays in either Hong Kong or mainland China, the Commission itself and the China Securities ...
Frequently Asked Questions in relation to Anti-Money Laundering and ...
ID 22002
The Hong Kong Monetary Authority (HKMA) has published an updated version of the Frequently Asked Questions [FAQs] in relation to Anti-Money Laundering and Counter-Financing of Terrorism that were developed by the Hong Kong Association of Banks. The goal of the FAQs is to provide guidance to firms with respect to their anti-money laundering (AML) and combating the financing of terrorism (CFT) obligations. The FAQs ...
United Nations Sanctions (Iraq) (Control of Gold, Securities, Payments and Credits) ...
ID 21986
A new version of the United Nations Sanctions (Iraq) (Control of Gold, Securities, Payments and Credits) Regulation was published on Hong Kong’s e-Legislation platform, the official website of the Hong Kong government for publicizing legal texts. Generally speaking, the Regulation primarily implements sanction measures towards Iraq as regards the transfer, sale, purchase of or activities in „Gold, Securities, Payments and Credits“ pursuant to one ...
United Nations Sanctions (Iraq) Regulation (Cap. 537B) (Version Date: 23/02/2023)
ID 21984
A new version of the United Nations Sanctions (Iraq) Regulation was published on Hong Kong’s e-Legislation platform, the official website of the Hong Kong government for publicizing legal texts. Generally speaking, the Regulation primarily implements trade-related sanction measures towards Iraq in accordance with UN sanction resolutions, including the prohibition to supply or deliver certain goods to Iraq and the promotion of such supply and ...
Tax measures proposed in 2023-24 Budget
ID 21980
The Hong Kong government has published a press statement to summarize the key budget measures for the upcoming fiscal year 2023/2024 that were announced by the Financial Secretary on February 22, 2023. While most measures are irrelevant for businesses, there were two that we find worth noting: 1. The Secretary plans to provide a one-off tax cut of 100% to profit taxes for the ...
SFC consults on proposals to regulate virtual asset trading platforms
ID 21960
In view of the upcoming new licensing regime for virtual asset service providers (VASPs) under the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 on June 1, 2023, the Hong Kong Securities and Futures Commission (SFC) has launched a new consultation as regards further wide-ranging regulations relating to virtual asset trading platforms (VATPs) that are trading non-security tokens. As these platforms may pose ...
Circular to Licensed Corporations Engaged in Asset and Wealth Management Activities ...
ID 21941
The Securities and Futures Commission of Hong Kong (SFC) has published a circular to announce the launch of its Asset and Wealth Management Activities Survey 2022 (AWMAS). It is particularly addressed at asset management firms providing the following services: fund advising, fund and portfolio management, private banking, or any other type of private wealth management. The survey covers the business year 2022 and must ...