Financial Services Regulatory Update 2024/01/26

  • Hong Kong Continues to Drive Initiatives to Support Capitalizing Sustainable Finance Opportunities in the Asia-Pacific Region
  • Implications and Significance of the Latest Listing Rule Changes for Listed Issuers
  • Hong Kong Securities and Futures Commission and Hong Kong Monetary Authority Issues Joint Circular on Intermediaries’ Virtual Asset-related Activities
  • Hong Kong Securities and Futures Commission Warns Public of Unauthorized Investment Product and Suspected Virtual Asset-Related Fraud
  • Hong Kong Exchanges and Clearing Limited Publishes Its 2023 Year in Review
  • Hong Kong Accounting and Financial Reporting Council Issues 2023 Audit Focus to Enhance Audit Quality Amid Challenging Market Conditions
  • Hong Kong Accounting and Financial Reporting Council Highlights the Importance of Continuous Professional Development in Ensuring Audit Quality and Managing Talent
  • Hong Kong Market Misconduct Tribunal Sanctions Mayer Holdings Limited and Its Former Senior Management for Late Disclosure of Inside Information
  • Consultation on Implementation of Global Minimum Tax and Minimum Top-Up Tax in Hong Kong
  • Hong Kong Financial Services and the Treasury Bureau and Hong Kong Monetary Authority Issue Consultation on Legislative Proposal to Implement Regulatory Regime for Stablecoin Issuers and Announcement on Introduction of Sandbox Arrangement
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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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Financial Services Regulatory Update 2022/12/23

  • Hong Kong Securities and Futures Commission Clarifies Virtual Asset Policy by Statement on Virtual Asset Arrangements Claiming to Offer Returns to Investors
  • Hong Kong Financial Services and the Treasury Bureau Publishes Consultation on Enhancing Regulation of Crowdfunding Activities
  • Hong Kong Securities and Futures Commission Announces the Launch of Investor Identification Regime in March 2023
  • Hong Kong Government Launches Pilot Green and Sustainable Finance Capacity Building Support Scheme
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Financial Services Regulatory Update 2022/11/25

  • Takeovers Executive of Hong Kong Securities and Futures Commission Publishes New Practice Note 24 on the Appointment of Receivers and Liquidators and When to Commence Offer Periods
  • The Eastern Magistrates’ Court of Hong Kong Sentenced Mr. Wong King Hoi to Imprisonment for Obstruction of the Search Operation of the Securities and Futures Commission – First Such Imprisonment Case in Hong Kong
  • The Securities and Futures Commission of Hong Kong Publicly Criticizes Gold Dragon Worldwide Asset Management Limited for Breaches of Takeovers Code
  • The Securities and Futures Commission of Hong Kong Reprimands and Fines Swiss-Asia Asset Management (HK) Limited HK$3 Million for Internal Control Failings and Regulatory Breaches
  • The Stock Exchange of Hong Kong Limited Conducts Disciplinary Action against China Bright Culture Group (Stock Code: 1859) and Two Current and Former Executive Directors, Questioning the Commercial Rationale of the Harsh Termination Provisions of an Asset Management Agreement
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Financial Services Regulatory Update 2022/10/28

  • Building Hong Kong’s Capacity for Future Financial Services
  • Hong Kong Accounting and Financial Reporting Council Publishes 2022 Annual Investigation and Compliance Report
  • The Stock Exchange of Hong Kong Limited Publishes Consultation Paper on New Listing Rules for Specialist Technology Companies
  • The Stock Exchange of Hong Kong Limited Publishes New Guidance Note on Cooperation and Updated Sanctions Statement
  • The Court of First Instance Orders Sound Global Ltd. Chairman to Purchase Shares from Investors
  • Hong Kong Securities and Futures Commission’s Takeovers Bulletin Highlights Two Decisions on Special Waiver from the General Offer Obligation Triggered by Foreclosure Sale and the Determination of the Offer Price in a Mandatory General Offer
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Financial Services Regulatory Update 2022/09/30

  • Project e-HKD and Modernizing the Concept of Using Hong Kong Law as Governing Law in Contracts – Why More Contracts Should be Governed by Hong Kong Law in Future
  • Takeovers Panel of the Hong Kong Securities and Futures Commission Rules on the Price for the Mandatory General Offer for Suncity Group Holdings Limited
  • The Financial Services Development Council of Hong Kong Publishes Recommendations in relation to Cementing Hong Kong’s Role as a Premier Private Wealth Management Hub in Asia
  • Hong Kong Monetary Authority Announces the Launch of the Enhanced Competency Framework on Compliance – Hong Kong on the Right Track to Proactively Build Talent
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Financial Services Regulatory Update 2022/08/26

  • Hong Kong-listed ETFs Poised to Ride the Trend of Thematic ETF Growth Related to the Greater China Region
  • The Stock Exchange of Hong Kong Limited Publishes Conclusions on Proposed Amendments to Listing Rules Relating to Share Schemes of Listed Issuers
  • The Stock Exchange of Hong Kong Limited Publishes Enforcement Bulletin to Reminds of the Disclosure and Shareholder Approval Requirements of Certain Transactions of Listed Issuers
  • Hong Kong Takeovers Bulletin Reminds of Ancillary Documents Requirements and Compliance with Rule 19.1 for Closing Announcements Involving Trading Suspensions Due to Insufficient Public Float
  • Hong Kong Securities and Futures Commission Sets Out the Way Forward for Green and Sustainable Finance
  • Hong Kong Securities and Futures Commission and the China Securities Regulatory Commission to Enhance Stock Connect Trading Calendar
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