Category Archives: Regulatory Updates

Update – Amendment of Rules in relation to Northbound Trading of Stock Connect by China Securities Regulatory Commission (CSRC), Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE)

The Exchange Circular (Ref. No.: CT/088/22) has stated that starting from July 24, 2023, Mainland [...]

List of Authorized Institution-related Trustees

The Hong Kong Monetary Authority (HKMA) has launched a list of authorized institution (AI)-related trustees [...]

The HKMA issued a letter on 31 May 2023 to consult the banking industry on implementation of Basel III final reform package – credit risk and output floor

This consultation document assumes that the rules created by the Monetary Authority under section 97C [...]

Revision of two Specified Forms in relation to Application for Disclosure of Protected Information

As of June 1, 2023, the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 has [...]

Circular to Licensed Corporations and Associated Entities – Anti-Money Laundering / Counter-Financing of Terrorism  United Nations Sanctions (Somalia) Regulation 2019

An updated list of “individuals and entities” subject to section 29 of the United Nations [...]

Circular on transitional arrangements of the new licensing regime for virtual asset trading platforms

Starting June 1, 2023, centralized virtual asset trading platforms (VATPs) operating in Hong Kong must [...]

Circular on implementation of new licensing regime for virtual asset trading platforms

Starting from 1 June 2023, centralised virtual asset trading platforms in Hong Kong must apply [...]

Prototype of a Green Classification Framework for Hong Kong

The Hong Kong Monetary Authority (HKMA) has released a discussion paper titled “Prototype of a [...]

Amendments to the Rules of the Exchange (the “Rules”)

The Securities and Futures Commission has given approval to amend the Rules by removing provisions [...]

Amendments to Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Stored Value Facility Licensees)

The Hong Kong Monetary Authority (HKMA) has announced the release of a revised Guideline on [...]