Events listed in [SFC] Securities and Futures Commission
Enhancements to the Cross-boundary Wealth Management Connect Pilot Scheme ...
ID 25127
The Hong Kong Securities and Futures Commission (SFC) has issued a press statement to inform that – in an effort to further develop „the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), deepen the financial cooperation between the Mainland, Hong Kong and Macao, and facilitate their synergistic economic development“, *various regulators of Mainland, Hong Kong, and Macao have decided to make enhancements to the Wealth Management ...
SFC-HKMA joint product survey in 2022 shows shifts to investments in money market ...
ID 25089
The Securities and Futures Commission of Hong Kong, SFC, and the Hong Kong Monetary Authority, HKMA, have published the results of a joint survey on „the Sale of Non-exchange Traded Investment Products 2022“ which was announced in an SFC circular (Circular SFO/IS/039/2022) in December 2022. Please also see EventID #18670 in this context for more information. The survey, which is conducted annually and mandatory ...
SFC steps up information dissemination and investor education on VATPs
ID 25055
The Securities and Futures Commission of Hong Kong (SFC) has issued a press statement to inform that it is taking further steps to reinforce information dissemination and investor education regarding unregulated virtual asset trading platforms (VATPs). This move comes as a consequence to recent concerns about the activities of unregulated VATPs, particularly of JPEX, an unregulated crypto-asset trading platform, against which there are ongoing ...
SFC amends takeovers and share buy-backs codes
ID 25031
Following a corresponding consultation in May this year (EventID 21316), the Securities and Futures Commission of Hong Kong, SFC, has published a consultation conclusion paper on proposed revisions to the Codes on Takeovers and Mergers and Share Buy-backs. #### Background In its consultation, the SFC proposed several revisions aimed at enhancing transparency and fairness in takeover and merger transactions and ensuring that shareholders are ...
Circular to intermediaries Cybersecurity review of selected licensed corporations
ID 24951
The Securities and Futures Commission (SFC) has issued a circular addressed at financial market intermediaries to inform that it will launch a cybersecurity review of selected licensed corporations (LCs) to evaluate LCs‘ cybersecurity management, compliance, and information system resilience against cyber threats. This review aligns with the SFC’s emphasis on cybersecurity and follows a review of recent cybersecurity incidents and on-site inspections which reveale ...
FAQs – Mainland-Hong Kong Mutual Recognition of Funds: Frequently Asked ...
ID 24926
The Securities and Futures Commission of Hong Kong (SFC) published revised Frequently Asked Questions (FAQs) on Mainland-Hong Kong Mutual Recognition of Funds. The FAQs outline, among other things, the eligibility requirements for being recognized as a mutually recognized fund (MRF), ongoing operations requirements, disclosure requirements for MRF funds, licensing requirements of the Hong Kong representative of a Mainland fund, and distribution and sales obligations ...
Circular to Licensed Corporations in relation to list of prescribed persons who ...
ID 24781
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 for in-scope transactions.
Regulators conclude consultation on revising OTC derivative Clearing Rules
ID 24753
In March 2023, the Securities and Futures Commission of Hong Kong (SFC) and the Hong Kong Monetary Authority (HKMA) launched a joint consultation on proposed revisions to the Securities and Futures (OTC Derivative Transactions – Clearing and Record Keeping Obligations and Designation of Central Counterparties) Rules in view of the global benchmark rate reform and the transitioning away from inter-bank offered rates (IBORs) to ...
SFC concludes consultation on risk management guidelines for futures dealing ...
ID 24738
Following a consultation in November 2022 on proposed new risk management guidelines for futures dealing activities, the Securities and Futures Commission of Hong Kong, SFC, has now published a corresponding consultation conclusion paper. In this paper, the Commission briefly summarizes the responses it has received to its consultation and outlines the final guidelines as they will apply from February 25, 2024. #### Background On ...
Circular to Intermediaries Reminder on the Over-the-counter Securities Transactions ...
ID 24736
The Securities and Futures Commission of Hong Kong, SFC, has issued a circular addressed at financial market intermediaries regarding the over-the-counter transaction reporting regime (OTCR). Therein, the Commission reminds of the fact that the new regime will come into force on September 25, 2023. Firms need to ensure to complete their testing and preparation for reporting under the OTCR before the effective date. In ...