Category Archives: Regulatory Updates

Guideline on Compliance of Anti-Money Laundering and Counter-Terrorist Financing Requirements for Trust or Company Service Providers (June 2023) will come into effect on 1 June 2023

The Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 will become effective on June 1, [...]

Amendments to the Clearing Rules and Clearing Procedures of OTC Clearing Hong Kong Limited (“OTC Clear”)

OTC Clear’s Clearing Members have been informed that amendments to the Clearing Rules and Clearing [...]

Regulatory Capital Treatments in relation to Swap Connect

This circular explains the regulatory capital and reporting treatments for assets posted by authorized institutions [...]

Guideline on Compliance of Anti-Money Laundering and Counter-Terrorist Financing Requirements for Licensed Money Lenders (June 2023) will come into effect on 1 June 2023

Starting from June 1, 2023, the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 will [...]

The People’s Bank of China, Securities and Futures Commission and Hong Kong Monetary Authority to commence mutual access between the Mainland and Hong Kong interest rate swap markets

Under the Northbound Trading of Swap Connect, which will be launched on 15 May 2023, [...]

Applicable Jurisdictional Countercyclical Capital Buffer (CCyB) Ratio for Hong Kong

The Monetary Authority has decided to keep the Hong Kong jurisdictional CCyB ratio at 1%, [...]

Regulation and Supervision of Trust Business

The HKMA has issued a circular requiring AIs and their subsidiaries conducting trust business in [...]

Mandatory Practice Session for Migration of Northbound (NB) Broker-To-Client Assigned Number (BCAN) File Submission and Download Functions to Electronic Communication Platform (ECP)

A mandatory practice session for the migration of Northbound Broker-to-Client Assigned Number (BCAN) file submission [...]

Amendments to the Clearing Rules of OTC Clearing Hong Kong Limited

OTC Clear’s Clearing Members are advised that the Securities and Futures Commission has authorized amendments [...]

Currency Conversion Arrangement Involving Onshore RMB (CNY) under Northbound Swap Connect

This circular informs the recipient of the currency conversion activities that their bank may undertake [...]