Regulatory & Compliance

The launch of the manager-in-charge ("MIC") regime in Hong Kong in two weeks has sparked concerns about whether other Asian jurisdictions will introduce similar rules. The MIC regime...
April 2017
The Hong Kong government, along with the territory's three major financial regulators, released a final report on Thursday, 6 April following a public consultation on the local...
April 2017
A period of severe turmoil is facing the securities research industry as a regulatory overhaul threatens the way investment research is done. Online portals, in particular, are set to gain market...
April 2017
As has been widely reported in the media, the Competition Commission ("CC") announced on 26 March that it has, for the first time, commenced proceedings in the Competition Tribunal ("CT")....
April 2017
Sapin II places significant obligations on large companies to implement anti-corruption compliance controls. Failure to have an effective compliance programme in place, regardless of whether...
April 2017
The risk-based approach to anti-money laundering and know-your-customer compliance is not without its problems, especially in the context of client onboarding and transaction monitoring, a senior...
March 2017
The Hong Kong Monetary Authority ("HKMA") will set up a resolution office on 1 April, as part of the regulator's plan to ensure the Hong Kong resolution regime is...
March 2017
Hong Kong's Securities and Futures Commission ("SFC") has announced that it will implement proposed changes to the position limit regime in the territory, following a consultation on the matter...
March 2017
Recently proposed amendments to Hong Kong's professional investor regime should benefit compliance and legal professionals since they reflect evolving market practice, industry officials...
March 2017
The Securities and Futures Commission ("SFC") has fined BOCOM International (Asia) ("BIAL") HK$15 million for failure to discharge its duty as a sponsor in relation to the attempted listing of a...
March 2017
As new and old Presidents move in and out of a “White House” and a “Blue House” respectively, to the tune of the song “My Way”, the Securities and Futures Commission in Hong Kong is doing things its...
March 2017
Asian banks are far from ready for implementation of the International Financial Reporting Standard 9 ("IFRS9") unless local banking regulators are able to ascertain how impairment will be treated...
March 2017
Hong Kong’s forthcoming “manager-in-charge” regime will likely increase the risk of the Securities and Futures Commission (“SFC”) taking enforcement action against senior managers, given the personal...
February 2017
China's three largest bitcoin exchanges said on Thursday, 9 October, they will strengthen oversight of customers' identities and sources of funds, in the latest shift since the Chinese central bank...
February 2017
This will be a positive year for the Asia-Pacific region as it is set to benefit from the political and regulatory uncertainty in the UK, Europe and the Americas. International firms will be...
February 2017
The final version of the standardised measurement approach ("SMA") for calculating operational risk capital, expected to be released next month by the Basel Committee on Banking Supervision, may not...
February 2017
The world's $544 trillion derivatives market warned on Tuesday, 7 February, of potential market disruption unless national regulators grant a six-month phase-in for a new rule requiring trades to be...
February 2017
The late disclosure of price-sensitive information to the market is not impacted by whether or not trading in the shares of a listed company is suspended, Hong Kong's Market Misconduct...
February 2017
In recent years, numerous dual-listed Hong Kong companies have decided to delist from their secondary listing markets. The main reasons for their decision to delist are (1) to enhance liquidity by...
February 2017
Chinese banks are hiring blockchain experts as the government pushes use of the technology behind bitcoin to increase transparency and combat fraud in its financial sector. Lenders have struggled...
February 2017