Regulatory & Compliance

Bank Culture Reform The Hong Kong Monetary Authority (the “HKMA”) released a circular entitled “Bank Culture Reform” on 2 March 2017. The circular sets out a framework for establishing a sound...
July 2017
The central banks of China and Hong Kong on Sunday, 2 July, said non-mainland investors can start trading Chinese corporate bonds in a trial beginning on Monday, confirming a calendar...
July 2017
Hong Kong's ever-closer relationship with mainland China may be good for business, but it poses growing corporate governance challenges for the former British colony, which this weekend marks 20...
July 2017
The Market Misconduct Tribunal (“MMT”) recently disagreed with the Securities and Futures Commission, holding that an executive director and a number of non-executive directors did not commit the...
May 2017
The Hong Kong market is presently faced with an increase in mainland private enterprises listing on the local exchange, resulting in shell planting and volatility in stock prices in the Growth...
May 2017
Hong Kong's securities regulator said on 27 April it would take "a hard look" into pledging of shares for loans, such as in the case of China Huishan Dairy Holdings Co Ltd which last month saw a...
May 2017
Hong Kong's securities and banking regulators have issued a joint consultation proposing certain carve-outs from requirements under the over-the-counter ("OTC") derivatives regulatory regime....
May 2017
In a recent speech, Ashley Alder, chief executive of the Securities and Futures Commission ("SFC"), discussed how the regulator tackles market risks across its operations. He also described a...
May 2017
Better access to licensing information held by Hong Kong's Securities and Futures Commission ("SFC") will make life easier for compliance and legal staff at the territory's banking and...
May 2017
Asia's private banking sector is one main area where the Markets in Financial Instruments Directive ("MiFID II") will see the biggest impact, said consultants.  MiFID II is a EU...
May 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
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
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
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
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
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
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