Resources
Hong Kong – Top 10 Tips For Managing SFC Inspection Opening Meetings
The Securities and Futures Commission (SFC) conducts regular routine inspections on all licensed corporations to check their compliance with the Securities and Futures Ordinance, its subsidiary legislation, SFC codes and guidelines and the firm’s own policies and...
Connecting Hong Kong Arbitrations to Mainland Interim Measures
1 October 2019 was an important milestone for the Hong Kong dispute resolution community because on that day, the “Arrangement Concerning Mutual Assistance in Court-ordered Interim Measures in Aid of Arbitral Proceedings by the Courts of the Mainland and of the HKSAR”...
Hong Kong SFC Publishes Licensing Conditions For Virtual Asset Fund Managers
On 4 October 2019, the Securities and Futures Commission (SFC) published proforma terms and conditions which will apply to virtual asset fund managers that meet specified criteria. This follows the SFC’s statement of 1 November 2018 regarding the...
Hong Kong – FATF Reports On HK’s AML Regime
The Financial Action Task Force (FATF) published the Mutual Evaluation Report of Hong Kong (Report) on 4 September 2019, assessing Hong Kong’s anti-money laundering and counter-financing of terrorism (AML/CFT) regime to be compliant and effective overall. The SFC...
Hong Kong – Abolition Of Quota Requirements For QFII/RQFII
Although this was indicated as being on the cards, China has surprised the global investment community with an unexpected formal announcement to abolish the quota requirements under the QFII and RQFII regimes. The China Statement Administration...
Hong Kong In-House Legal Financial Services Salaries Guide!
As General Counsel / Heads of Legal are starting to plan their headcount for 2020, we have compiled a detailed In-House Legal Financial Services Salary Guide, based on data from discussions with the majority of lawyers in this area in Hong Kong. As a firm we have...
Hong Kong Private Practice Salary Guide!
With the majority of private practice firms paying bonuses at this time of year, and pay rises being announced, we bring you the most up-to-date salary guide for your benefit, whether you are looking to move, or want to benchmark yourself with your peers. As always,...
Hong Kong Plans Greater Cartel Cooperation Incentives.
The Hong Kong Competition Commission has published proposals for a cooperation and settlement policy aimed at encouraging companies involved in cartels to step forward and help with investigations. The new policy (16 page / 416KB PDF) sits alongside the...
Diversity in Law Firms in Hong Kong – Is it desirable? Is it achievable?
Recently, the President of the Law Society, Melissa Pang, announced a study and initiative to promote diversity and inclusion at the senior level of the legal profession. At the moment, male and female genders are almost equally represented at the entry level, but...
Hong Kong – Convictions In Less Than A Year After The Significant Controllers Register Law Came Into Force
On 7 January 2019, the Companies Registry published highlights of several prosecution cases regarding the convictions in November 2018 of twelve Hong Kong companies for having failed to keep and maintain their significant controllers registers ("SCR")...