Hong Kong: Significant Legal And Regulatory Events In 2018 – What Happened In 2018 And Significant Events In 2019.
Hong Kong Law: Year in Review 2018 and Year to Come 2019 summarises some of the major developments in Hong Kong last year, and a selection of key changes that we anticipate over the coming year. There are links to further reading, where available. "2018 saw a large...read more
Hong Kong – Revamped SFC Code On Unit Trusts And Mutual Funds Targeted For Implementation On 1 January 2019 With Transitional Period.
On 6 December 2018, the Securities and Futures Commission (SFC) published the conclusions to its consultation on proposed amendments to the Code on Unit Trusts and Mutual Funds (UT Code). The proposed amendments are aimed at...read more
Hong Kong – Conclusion Of SFC Consultation On Proposed Changes To The Code On Unit Trusts And Mutual Funds
On 6 December 2018, after extensive consultations with the industry, the Securities and Futures Commission (SFC) published its conclusions to its Consultation Paper on Proposed Amendments to the Code on Unit Trusts and Mutual Funds (UT Code). The revised UT Code is...read more
The massive recent leakage of customer personal data by international airlines, along with other alarming data leakage incidents by social media platforms have once again put the issue of data protection in the spotlight. Data protection is the management and...read more
On 19 October 2018, the SFC published the Conclusions to Further Consultation on Proposed General Changes to Update the Securities and Futures (Financial Resources) Rules (FRR) and gazetted the proposed FRR amendments. The one-month consultation, which was launched in...read more
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...read more
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...read more
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”,...read more
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....read more
Hong Kong – Key Messages From The SFC’s New Regulatory Framework On Virtual Asset Management, Fund Distribution And Trading Platform Operation.
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...read more