Topic: Securities and Futures Commission (Hong Kong)

Hong Kong SFC chief to chair UK FCA

The longtime chief executive of Hong Kong’s securities regulator is set for a move to London, after being appointed the next chair of the UK’s Financial Conduct Authority.

08 July 2022

China offers conduit to yuan-backed swap derivatives for overseas investors

Central banks and regulators in China and Hong Kong have agreed to provide offshore access to Chinese interest rate swap derivatives, making another move to internationalise the Chinese yuan.

06 July 2022

Hong Kong’s securities regulator seeks expanded enforcement powers

The Securities and Futures Commission in Hong Kong has asked for increased enforcement powers in newly-proposed amendments to the city's securities legislation.

17 June 2022

Hong Kong to drop local incorporation requirement for VASP licensees

Following industry pushback, Hong Kong’s government has proposed a compromise on plans to require a “local anchorage” for virtual asset service providers seeking a licence in the territory, as part of an update to its anti-money laundering framework.

24 May 2021

Hong Kong proposes to stamp out “undesirable” capital markets conduct

Hong Kong’s securities regulator has proposed a detailed code of conduct for capital markets transactions in an effort to stamp out “undesirable” behaviour from intermediaries.

10 February 2021

Hong Kong proposes client ID requirements

Hong Kong banks should submit names of their clients dealing in securities to a central repository, under proposals unveiled by the city’s securities regulator.

11 December 2020

Banks must report security law violations, Hong Kong regulator says

The Hong Kong Monetary Authority has told banks they should report violations of the territory’s controversial National Security Law as they would anti-money laundering/counter-financing of terrorism violations.

22 October 2020

FATF and Hong Kong regulators target crypto and anonymity “red flags”

Reports released from the Financial Action Task Force and Hong Kong’s securities regulator have pointed to money laundering and terrorism financing “red flags” arising from the use of crypto asset exchanges.

28 September 2020

AI and machine learning – views from Hong Kong and the UK

Artificial intelligence and machine learning have rapidly grown in importance during the covid-19 pandemic, say speakers at a recent Bank of England webinar – but a report issued the same day by a group of Hong Kong regulators said new types of risk arising from the use of the technologies may require new types of macroprudential regulation.

24 August 2020

Chinese bank fined in Hong Kong over AML violations

Hong Kong’s Securities and Futures Commission has fined the local branch of Chinese investment bank Guotai Junan Securities for its handling of third party fund transfers, anti-money laundering breaches and wash trades.

26 June 2020

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