by Ashford Benjamin | Nov 28, 2018 | Uncategorized
The SFC’s revised Fund Manager Code of Conduct (FMCC) came into effect on 17 November 2018. By this date, any SFC-licensed fund manager responsible for the overall operation of a fund (ROOF) should have completed review and enhancement of the fund’s offering and...
by Ashford Benjamin | Nov 26, 2018 | Uncategorized
New rules have been introduced in Hong Kong to shield retail investors from risks associated with investing in cryptoassets. The measures were outlined last week by the Securities and Futures Commission (SFC) in Hong Kong and will impact both fund managers and...
by Ashford Benjamin | Nov 20, 2018 | Uncategorized
The Hong Kong Securities & Futures Commission (SFC) today issued a statement and an accompanying circular setting out a new regulatory approach on virtual assets, referred to as a “digital representation of value” (encompassing “cryptocurrency”,...
by Ashford Benjamin | Nov 19, 2018 | Uncategorized
In line with recent global priorities, Hong Kong has been working towards further safeguarding financial stability by strengthening banks’ resilience to shocks. The implementation of FIRO in 20172, the statutory resolution framework, was the first step in the process....
by Ashford Benjamin | Nov 13, 2018 | Uncategorized
It was reported by the Financial Stability Board that crypto-assets, such as bitcoin and ether, reached an estimated total market capitalisation of US$830 billion on 8 January 2018. With the rapid growth of virtual assets around the world, there are also growing...
by Ashford Benjamin | Nov 8, 2018 | Uncategorized
The Court of First Instance upheld the well-established common law rule against maintenance and champerty in the recent test case of Raafat Imam v Life (China) Co Ltd[2018] HKEC 2237. The decision confirms that litigation funding agreements will not be blessed by...
