Financial Services Regulatory Update 2023/12/15

  • Hong Kong Securities and Futures Commission Obtains Court Order to Disqualify Former Independent Non-Executive Director of a Listed Company for Three Years
  • The Stock Exchange of Hong Kong Limited Publishes Consultation Conclusions on GEM Listing Reforms
  • Hong Kong Monetary Authority Welcomes Enhancements to the Code of Banking Practice
  • The Stock Exchange of Hong Kong Limited Implements IPO “Double Dipping” Reforms
  • Ex-Listed Company Chairman and Two Others Charged by Hong Kong Independent Commission Against Corruption Jailed for Conspiracy to Defraud Over Acquisition of NZ Farms at Second Retrial
  • The Stock Exchange of Hong Kong Limited Publishes Guidelines for New Listing Applicants, Effective on January 1, 2024
  • Hong Kong Exchanges and Clearing Limited Welcomes APAC’s First Saudi Arabian Exchange Traded Fund
  • Hong Kong Securities and Futures Commission Highlights Key Regulatory Work and Market Data in Quarterly Report
  • Hong Kong Securities and Futures Commission Warns Public of HongKongDAO and BitCuped for Involvement in Suspected Virtual Asset-related Frauds
  • Hong Kong Exchanges and Clearing Limited Updates Listed Companies on Regulatory Developments and Compliance Standards in Latest Newsletter
  • The Stock Exchange of Hong Kong Limited Releases Analysis of 2022 Corporate Governance Practice Disclosure
  • Hong Kong Government Welcomes Passage of Inland Revenue (Amendment) (Disposal Gain by Holder of Qualifying Equity Interests) Bill 2023
  • Hong Kong Securities and Futures Commission Commences Legal Proceedings Against AMTD Global Markets Limited and its Former Executives for Non-Compliance in IPO-Related Investigations
  • Hong Kong Securities and Futures Commission Issues Regulatory Guidelines and Clearing Amendment Rules for Digital Securities
  • Hong Kong Securities and Futures Commission Publishes Circular on Tokenisation of Authorised Investment Products
  • Hong Kong Accounting and Financial Reporting Council Expects Active Cooperation and Full Compliance by PIE Auditors with the Accounting and Financial Reporting Council Ordinance and Their Self-Reporting of Critical Incidents in a Timely Manner
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Financial Services Regulatory Update 2023/11/24

  • Hong Kong’s Role in Environmental, Social, and Governance ESG Digitalization and Inclusion under the Belt and Road Initiative
  • Stock Exchange of Hong Kong Limited’s Update on Consultation on Enhancement of Climate Disclosures under Environmental, Social, and Governance ESG Framework
  • Hong Kong Securities and Futures Commission Supports and Sponsors the Development of an Industry-Led Voluntary Code of Conduct for Environmental, Social, and Governance ESG Ratings and Data Products Providers
  • Hong Kong Competition Commission Takes Estate Agencies’ Price-Fixing Cartel Case to Hong Kong Competition Tribunal
  • Concealing Any Conflict of Interest Related to One’s Official Duties in Order to Benefit Oneself or Associates May Constitute A Violation of Hong Kong’s Prevention of Bribery Ordinance or Other Criminal Offences
  • Stock Exchange of Hong Kong Limited Publishes Consultation Paper on Proposed Amendments to Listing Rules Relating to Treasury Shares and Guidance Letter on Issuers’ Automatic Share Buy-back Programs
  • Hong Kong Securities and Futures Commission Consults Further on Proposed Amendments for Implementing an Uncertificated Securities Market
  • Hong Kong Monetary Authority Publishes the “e-HKD Pilot Programme Phase 1 Report”
  • Gazettal of Bankruptcy and Companies Legislation (Miscellaneous Amendments) Ordinance 2023 (Commencement) Notice 2023
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Financial Services Regulatory Update 2023/10/27

  • Hong Kong Independent Commission Against Corruption Hosts First Major Infrastructure Anti-Graft Training for Belt and Road Countries to Co-Build ‘Clean Silk Road’
  • Hong Kong Accounting and Financial Reporting Council Urges Auditors and Audit Committees to Follow Guidance Notes on Change of Auditors
  • Hong Kong Exchanges and Clearing Limited Adds Saudi Exchange as Recognised Stock Exchange
  • Hong Kong Exchanges and Clearing Limited Launches Synapse, A Settlement Acceleration Platform for Stock Connect
  • Hong Kong Securities and Futures Commission, the Independent Commission Against Corruption and the Accounting and Financial Reporting Council Conduct First Tripartite Operation Against Suspected Corporate Fraud and Misconduct
  • Hong Kong Securities and Futures Commission Consults on Market Sounding Guidelines
  • Hong Kong Securities & Futures Commission Issues Takeovers Bulletin Clarifying on Calculation of Acceptances Under Rules 2.2 and 2.11 of Takeovers Codes
  • Hong Kong Police Force and Hong Kong Securities and Futures Commission Establish Joint Working Group on VATPs
  • Hong Kong Accounting and Financial Reporting Council (AFRC) Publishes Its Quarterly Report for October 2023
  • The Gazettal of Inland Revenue (Amendment) (Disposal Gain by Holder of Qualifying Equity Interests) Bill 2023
  • Ex-Hong Kong University of Science and Technology Supplier Charged by Hong Kong Independent Commission Against Corruption Jailed for 28 Months over Concealing Conflict of Interest in HK$3.2m Procurement
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Financial Services Regulatory Update 2023/09/28

  • Hong Kong Accounting and Financial Reporting Council Investigation Report Shows Auditors’ Inadequate Response to Increasing Incidence of Fraud in Financial Statements
  • Hong Kong Securities and Futures Commission Issues Warning Statement on Unregulated Virtual Asset Trading Platform
  • The Stock Exchange of Hong Kong Limited to Launch FINI on November 22, 2023
  • The Stock Exchange of Hong Kong Limited Publishes Consultation Paper on GEM Listing Reforms
  • Hong Kong Securities and Futures Commission Amends the Codes on Takeovers and Mergers and Share Buy-backs
  • Hong Kong Securities and Futures Commission’s Takeover Bulletin Clarifies the Effects of Irrevocable Undertakings
  • Hong Kong Securities and Futures Commission Issues Quarterly Report
  • Hong Kong Monetary Authority Publishes Joint Report on Project Sela
  • Hong Kong Exchanges and Clearing Limited Celebrates Opening of London Office
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Financial Services Regulatory Update 2023/08/25

  • The Importance of Integrity and Incorruptibility in Hong Kong’s Financial Markets – Insights from Singapore Prime Minister Lee Hsien Loong’s National Day Rally Speech
  • Importance of Prompt Disclosure of Certain Specific Inside Information During Audit Period
  • Hong Kong Securities and Futures Commission Concludes Consultation on Amendments to Enforcement-Related Provisions of the Securities and Futures Ordinance
  • Hong Kong Securities and Futures Commission Publishes Review of The Stock Exchange of Hong Kong Limited’s Performance in Regulating Listing Matters
  • Hong Kong Securities and Futures Commission Welcomes International Organization of Securities Commissions’ Endorsement of New Sustainability Disclosure Standards
  • Hong Kong Exchanges and Clearing Limited Welcomes Further Stock Connect Enhancements between Hong Kong and Mainland China
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Financial Services Regulatory Update 2023/07/22

  • Hong Kong’s New Risk-based Capital Regime and Its Implications to the Insurance Industry
  • Hong Kong Exchanges and Clearing Limited’s New IPO Settlement Platform, FINI, to Launch in October
  • The Hong Kong Securities and Futures Commission and The Stock Exchange of Hong Kong Limited Sign Second Addendum to Memorandum of Understanding Governing Listing Matters
  • The Hong Kong Securities and Futures Commission and the Hong Kong Accounting and Financial Reporting Council join Forces to Combat Misconduct by Listed Issuers
  • Hong Kong Exchanges and Clearing Limited Signs Cooperation Agreement with Beijing Stock Exchange and Ningbo Municipal People’s Government
  • Speech by Tim Lui, Chairman of the Hong Kong Securities and Futures Commission at Law Society of Hong Kong’s Forum Emphasizing Hong Kong’s Unique access to China’s Capital Markets
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Financial Services Regulatory Update 2023/06/23

  • Hong Kong Accounting and Financial Reporting Council Sets out Its Position on Documentation of an Auditor’s Work on “Other Information” Included in the Annual Report of a Listed Entity
  • Hong Kong Exchanges and Clearing Limited Publishes Regulation Newsletter for Listed Issuers : Disclosure of Business Valuations in Transactions
  • Hong Kong Securities and Futures Commission Consults on Revisions to Takeovers and Share Buy-Back Rules
  • Hong Kong Exchanges and Clearing Limited Launches Hong Kong Dollar – Renminbi Dual Counter Model and Dual Counter Market Making Programme
  • Hong Kong Securities and Futures Commission Concludes Consultation on Regulation of Virtual Asset Trading Platforms
  • Hong Kong Securities and Futures Commission Concludes Consultation on the Position Limit Regime
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Financial Services Regulatory Update 2023/05/26

  • The People’s Bank of China, Hong Kong Securities and Futures Commission and Hong Kong Monetary Authority Commences Mutual Access between the Mainland and Hong Kong Interest Rate Swap Markets
  • Hong Kong Exchanges and Clearing Limited Launches Hong Kong Dollar – Renminbi Dual Counter Mode on June 19, 2023
  • The Stock Exchange of Hong Kong Limited Publishes Consultation Paper on Enhancement of Climate Disclosure under ESG Framework
  • Hong Kong Securities and Futures Commission and the China Securities Regulatory Commission Hold High-Level Enforcement Cooperation Meeting
  • The Hong Kong Monetary Authority Publishes “AML Regtech: Network Analytics” Report
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Financial Services Regulatory Update 2023/04/21

  • Update on the Launch of Renminbi Counter for Trading of Shares by Hong Kong Exchanges and Clearing Limited
  • Recent Updates on the Anti-Money Laundering and Counter-Terrorist Financing Ordinance
  • Hong Kong Securities and Futures Commission Publishes Quick Reference Guides for Licensing Requirements regarding Family Offices, etc.
  • Hong Kong Securities and Futures Commission Consults on Proposed Subsidiary Legislation for Implementing an Uncertificated Securities Market in Hong Kong
  • The Stock Exchange of Hong Kong Limited Announces New Listing Framework for the Listings of Specialist Technology Companies
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Financial Services Regulatory Update 2023/03/24

  • Implications of the New Mainland Rules for Overseas Listings to Hong Kong Takeover Transactions
  • The Stock Exchange of Hong Kong Limited Publishes Consultation Paper on Rule Amendments Following Mainland China Regulation Updates and Other Proposed Rule Amendments Relating to PRC Issuers
  • The Hong Kong Exchanges and Clearing Limited Publishes Enforcement Bulletin to Remind Directors of their Duties to Safeguard the Assets or Interests of Issuers
  • Hong Kong Exchanges and Clearing Limited Publishes an Updated Guide on General Meetings
  • Hong Kong Exchanges and Clearing Limited Publishes Frequently Asked Questions on PRC’s New Filing Requirements for Overseas Listings and Securities Offerings by Mainland companies 118-2023
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Financial Services Regulatory Update 2023/02/24

  • Duties of an Investment Adviser of a Fund – Implications of the Decision of the Hong Kong Securities and Futures Appeals Tribunal in the Cardinalasia Consulting Limited Case
  • Hong Kong Companies Ordinance Amended to Allow Holding of General Meetings by Using Virtual Meeting Technology
  • Hong Kong Securities and Futures Commission Consults on Proposals to Regulate Virtual Asset Trading Platforms
  • Hong Kong Monetary Authority Takes Disciplinary Action Against Westpac Banking Corporation, Hong Kong Branch for Contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance
  • Hong Kong Monetary Authority Issues the Consultation Conclusion to the Discussion Paper on Crypto-Assets and Stablecoins
  • Hong Kong Exchanges and Clearing Limited Issues the Review of Issuers’ Annual Reports in 2022
  • Hong Kong Securities and Futures Commission Reprimands and Fines Jinrui Futures (Hong Kong) Limited HK$4.8 Million and Sanctions its Responsible Officers for Regulatory Breaches
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