by Ashford Benjamin | Oct 26, 2018 | Uncategorized
On 12 October 2018, the SFC issued the Consultation Conclusions on Proposed Amendments to the (1) Guideline on Anti-Money Laundering and Counter-Terrorist Financing (Current Guideline) and (2) Prevention of Money Laundering and Terrorist...
by Ashford Benjamin | Oct 18, 2018 | Uncategorized
On 10 October 2018, the Chief Executive Carrie Lam released the 2018 Policy Address, in which she put forward various proposals which aim to benefit employees in Hong Kong. A. Abolition of the MPF offsetting mechanism In the 2018...
by Ashford Benjamin | Oct 12, 2018 | Uncategorized
The SFC and the UK’s Financial Conduct Authority (FCA) issued a memorandum of understanding on 8 October 2018 establishing a bilateral framework for mutual recognition of cross-border fund offerings to retail investors in the UK and Hong Kong (UK-HK MRF)....
by Ashford Benjamin | Oct 3, 2018 | Uncategorized
At a recent luncheon with the Hong Kong Investment Funds Association, Ashley Alder, Chief Executive Officer of the Securities and Futures Commission (SFC), gave an update on the SFC’s strategy for the Hong Kong asset management industry. Besides reflecting on where...
by Ashford Benjamin | Oct 3, 2018 | Uncategorized
With the growing importance of intellectual property (IP) as one of the key drivers to profitability, the ownership and use of IP within multinational corporate groups are coming under increasing scrutiny. The Inland Revenue (Amendment) (No.6) Ordinance 2018 came into...
by Ashford Benjamin | Oct 2, 2018 | Uncategorized
The Securities and Futures Commission (SFC) issued a circular on 31 August 2018 highlighting both deficiencies and good practices observed in relation to anti-money laundering and counter financing of terrorism (AML/CFT) compliance by...
