On 23 May 2023, the Securities and Futures Commission (the "SFC") published conclusions (the "Consultation Conclusions") to its consultation launched in February 2023 on the proposed regulatory requirements for virtual asset...more
On 20 February 2023, the Securities and Futures Commission (the “SFC”) launched a public consultation (the “Consultation”) to seek views on the proposed requirements for operators of virtual asset trading platforms (“VA...more
In January 2022, the Hong Kong Monetary Authority issued a Discussion Paper on Crypto-assets and Stablecoins, inviting industry comments on the regulatory approach of crypto-assets, in particular payment-related stablecoins....more
On 31 October 2022, at the launch of Hong Kong’s Fintech Week, the Financial Services and the Treasury Bureau released a policy statement (the “Policy Statement”) providing some additional detail on the Government’s plans for...more
The Hong Kong Monetary Authority has issued a Discussion Paper on Crypto-assets and Stablecoins in January 2022. The Discussion Paper includes guiding principles of a contemplated regulatory regime for payment-related...more
The Hong Kong Association of Banks and the DTC Association have published their revised Code of Banking Practice. The amendments took effect on 10 December 2021 and require Hong Kong banks to take steps to revise terms and...more
Ransomware attacks are on the rise in the Asia-Pacific region, amounting to one of the most significant operational risks faced by businesses in the region. The Asia Insurance Review reports that the worldwide costs of...more
On 22 January 2021 the Association of Southeast Asian Nations (ASEAN) Digital Ministers' Meeting approved the ASEAN Data Management Framework (the DMF) and the Model Contractual Clauses for Cross Border Data Flows (the MCCs)....more
In response to the growing popularity in the use of external data storage for record-keeping, on 31 October 2019, the Hong Kong Securities and Futures Commission (SFC) issued a circular to licensed corporations (LCs) on the...more
CBIRC issued newly revised Health Insurance Measures -
On 31 October 2019, the China Banking and Insurance Regulatory Commission (CBIRC) promulgated the newlyrevised Administrative Measures for Health Insurance (Health...more
9/18/2020
/ Asset Management ,
China ,
Commercial Insurance Policies ,
Consumer Insurance Products ,
Foreign Investment ,
Health Insurance ,
Hong Kong ,
Indonesia ,
Insurance Regulations ,
Property Insurance ,
Reinsurance ,
Singapore
This tracker covers a range of developments across the region, including China's measures to further open up China's insurance sector, the guidelines issued by the Hong Kong Insurance Authority in light of the regulatory...more
The tracker covers a range of developments including the Hong Kong Insurance Authority’s newly issued Guideline on Qualifying Deferred Annuity Policy, the Monetary Authority of Singapore’s Guidance to Capital Markets...more
8/29/2019
/ Asset-Backed Securities ,
Capital Markets ,
China ,
Consumer Insurance Products ,
Foreign Exchanges ,
Foreign Investment ,
Hong Kong ,
Indonesia ,
Insurance Regulations ,
Regulatory Oversight ,
Singapore ,
Vietnam
Many of our financial services sector clients have indicated their need to keep track of updates on new laws and regulations amid a rapidly changing regulatory landscape in Hong Kong.
...more
4/5/2019
/ AML/CFT ,
Consumer Financial Products ,
Digital Assets ,
Financial Institutions ,
Financial Regulatory Agencies ,
Financial Services Industry ,
Hong Kong ,
Investment Products ,
Mutual Funds ,
Over The Counter Derivatives (OTC) ,
Regulatory Oversight
With the rapid development of technology, there is an increasing trend of intermediaries providing investment services and distributing investment products over the internet. Whilst the Securities and Futures Commission...more