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SFC and HKMA’s joint circular on streamlined approach for dealing with sophisticated professional investors (SPIs)

Wealth managers and advisers, and distributors in relation to non-retail investment products, for example interests in private equity funds or hedge funds, sustainability linked bonds and other private capital related...more

When is too late? Hong Kong SFC expectations on timely self-reporting

Recent enforcement actions highlight the Hong Kong Securities and Futures Commission’s (SFC) approach to self-reporting under paragraph 12.5(a) of the Code of Conduct for Persons Licensed by or Registered with the SFC...more

Hong Kong’s proposed Mandatory Reference Checking Scheme: the end of “rolling bad apples”?

The Hong Kong Monetary Authority (HKMA) released its consultation conclusions on the proposed Mandatory Reference Checking Scheme (MRC Scheme) on 3 May 2021. ...more

Sale and Distribution of Debt Instruments with Loss-absorption Features

On 30 October 2018, the Hong Kong Monetary Authority (MA) issued guidance on enhanced investor protection measures on the sale and distribution of debt instruments with loss-absorption features and related products...more

Mapping responsibility: HKMA extends focus on management and its accountability

On the day the transition period for the implementation of the Securities and Futures Commission’s (SFC) Manager-in-Charge regime (MIC Regime) for licensed corporations ended, the Hong Kong Monetary Authority (HKMA) announced...more

Innovate or stagnate: the race to regulate fintech in Asia Pacific

Financial technology (“fintech”) has exploded in recent years, with innovations like blockchain, artificial intelligence and cloud-based software promising to disrupt every financial service from banking and payments to...more

Bitcoin theft highlights cryptocurrency regulatory uncertainty

The recent suspension of trading on Hong Kong based Bitcoin exchange Bitfinex following the apparent theft of approximately US$60m worth of bitcoins is the latest in a series of Bitcoin thefts. With Bitcoin still in its...more

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