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Hong Kong Compliance

A&O Shearman

Hong Kong passes its first Cybersecurity Law to safeguard critical infrastructure

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Hong Kong’s Legislative Council passed the Protection of Critical Infrastructures (Computer Systems) Bill (the “CI Bill”) on March 19, 2025. This landmark legislation aims to enhance cybersecurity and minimize disruptions...more

Latham & Watkins LLP

Key Regulatory Updates for Hong Kong Listed Companies - November/December 2024

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The updates include market consultation, consultation conclusions and various guiding materials by the HKEX, and bills for amendments to the Companies Ordinance by the Hong Kong government....more

Jackson Lewis P.C.

Hong Kong Residents Protected By New Deferred Enforced Departure Directive

Jackson Lewis P.C. on

President Joe Biden is extending Deferred Enforced Departure (DED) for 24 months through Feb. 5, 2027, for any Hong Kong resident (regardless of country of birth) currently living in the United States....more

Ropes & Gray LLP

DOJ Issues Final Rule Restricting Flow of Bulk Sensitive Personal Data to China and Other Countries of Concern

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On January 8, 2025, the Department of Justice (“DOJ”) published its Final Rule to implement President Biden’s Executive Order 14117, “Preventing Access to Americans’ Bulk Sensitive Personal Data and United States...more

Latham & Watkins LLP

Key Regulatory Updates for Hong Kong Listed Companies - September/October 2024

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The updates include an information paper on implementing an uncertificated securities market, and a joint announcement on an enhanced timeframe for a new listing application process....more

White & Case LLP

US Outbound Investment Program Takes Effect in January: What You Need to Know

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On October 28, 2024, the US Department of the Treasury issued a final rule (the “Rule”) to implement Executive Order 14105 (“EO”) establishing a new Outbound Investment Program ("OIP") to prohibit or require notification of...more

Mayer Brown

Hong Kong Office of the Privacy Commissioner for Personal Data Issues Updated "Code of Practice on the Identity Card Number and...

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INTRODUCTION - In August 2024, the Hong Kong Office of the Privacy Commissioner for Personal Data (“PCPD”) released a revision of the “Code of Practice on the Identity Card Number and other Personal Identifiers: Compliance...more

A&O Shearman

The first move: Hong Kong Competition Commission (HKCC) enforces non-compliance with investigation powers

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For the first time since it was established over a decade ago, the Hong Kong Competition Commission (HKCC) has announced that an individual has been charged for failing to comply with its investigation powers under the...more

Mintz

Three Key Takeaways from CFIUS's 2023 Annual Report

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The Committee on Foreign Investment in the United States (CFIUS) released its statutorily mandated annual report to congress last month. While the report itself highlights several notable developments in 2023 (New Zealand and...more

Latham & Watkins LLP

Hong Kong Concludes Consultation on Proposed Approach to Stablecoin Legislation

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The government will enact the new legislation to bring issuers of fiat-referencing stablecoins into the regulatory perimeter. On 17 July 2024, the Financial Services and the Treasury Bureau and the Hong Kong Monetary...more

BCLP

Hong Kong Unveils Proposals for First Cybersecurity Law

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The Hong Kong Government recently submitted its proposed legislative framework to enhance protection of computer systems of critical infrastructure (“Proposal”) to the Legislative Council (“LegCo”) Panel on Security for...more

Latham & Watkins LLP

SEHK Suspends Trading in Hong Kong Listed Company Pursuant to SFC’s Directions

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The SFC exercises its powers to order the suspension of trading in shares in a listed company to protect investors’ interests. On 15 April 2024, The Stock Exchange of Hong Kong Limited (SEHK) suspended trading in the...more

Skadden, Arps, Slate, Meagher & Flom LLP

Hot Topics: AI and ESG

The US Government Is Using AI To Detect Potential Wrongdoing, and Companies Should Too With agencies such as the SEC and DOJ using AI and other data analytics tools extensively to detect wrongdoing, companies need to adopt...more

Conyers

Paperless Listing Regime and Mandatory Electronic Dissemination of Corporate Communications: Impact on Bermuda, Cayman Islands and...

Conyers on

The Stock Exchange of Hong Kong Limited has recently published conclusions to their consultation launched last December on proposals to expand the paperless listing regime and other Listing Rule amendments. The key proposal...more

Goodwin

FINRA, Nasdaq, and NYSE Warn Firms of Pump-and-Dump Schemes Following IPOs of Small-Cap Issuers

Goodwin on

FINRA, Nasdaq, and NYSE published separate notices to alert their members about recent observations related to initial public offerings (IPOs) for certain small capitalization (small-cap) issuers listed on US stock exchanges...more

Goodwin

Mandatory Licensing Regime for Virtual Asset Exchanges in Hong Kong

Goodwin on

Hong Kong has traditionally been a hub for digital asset businesses in the region. As regulators in Hong Kong are working to tighten the regulatory regime on virtual asset exchanges, market players and investors seeking to...more

The Volkov Law Group

OFAC Settles with Hong Kong Trading Company for $5.2 Million for Violations of Iran Sanctions Program

The Volkov Law Group on

OFAC is off to a quick start in 2022.  After announcing its Airbnb enforcement action in the beginning of January, OFAC announced a settlement with Sojitz (Hong Kong) Limited, a Hong Kong, China-based company that engages in...more

BCLP

China and the Hong Kong Special Administrative Region are In Focus for U.S. Export Controls and Sanctions

BCLP on

U.S. and multinational companies with business involving China should be on the alert given recent changes in U.S. export controls and sanctions.  During the months of June and July this year, the U.S. government has taken...more

BCLP

Keeping up with the changes: Has your compliance program been adapted to account for recent changes to U.S. export controls? (Part...

BCLP on

In addition to the many changes targeted specifically at national security concerns related to China, Russia, and Venezuela, the Bureau of Industry and Security (“BIS”) has implemented a number of additional regulatory...more

WilmerHale

Transparency International report shows lacklustre enforcement of foreign bribery

WilmerHale on

On 13 October 2020 Transparency International (TI) published its annual report on enforcement of foreign bribery (the Report). The Report analyses foreign bribery enforcement in 43 of the 44 signatories to the Organisation on...more

Latham & Watkins LLP

Key Regulatory Developments in Hong Kong and Singapore: September 2020

Latham & Watkins LLP on

Regulators consult on anti-money laundering guidelines and issue guidance on cybersecurity, best execution, and senior management accountability. This blog post summarizes key regulatory developments in Hong Kong and...more

ArentFox Schiff

CBP Extends Transition Period for Companies to Comply With New Hong Kong Marking Requirements

ArentFox Schiff on

As previously reported, on July 14, 2020, the President signed Executive Order 13936 on Hong Kong Normalization. As a result, CBP has issued a new marking requirement for goods that are produced in Hong Kong which enter...more

ArentFox Schiff

Importers Have Until September 25 to Comply with New Marking Requirements for Goods From Hong Kong

ArentFox Schiff on

Because of the time needed to mark, pack, and ship goods from Hong Kong to the US, it is imperative that importers act quickly to ensure compliance with this new requirement. As reported previously and as a result of the...more

American Conference Institute (ACI)

[Webinar] VIRTUAL CONFERENCE ON U.S.- China Trade Controls - August 13th, 10:00 am - 5:30 pm EDT

American Conference Institute (ACI) will host a one day virtual conference to discuss timely changes to the export controls regulations. This conference will provide practical guidance on military user and end-user...more

Thomas Fox - Compliance Evangelist

Daily Compliance News: May 25, 2020-the Memorial Day edition

In today’s edition of Daily Compliance News: 1. VW ad agency says they were sabotaged. (FT) 2. End of Hong Kong as HQ for many western companies? (NYT) 3. How can an employer say thanks during Covid-19 WFH? (Wapo) 4. Should...more

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