Resources
Hong Kong SFC Introduces New Code Of Conduct Requirements On OTC Derivative Risk Mitigation And Client Clearing And To Address Risks Posed By Group Affiliates
On 12 December 2018, the Securities and Futures Commission published the conclusions to its consultation on refinements to the over-the-counter derivatives regime and to require licensed corporations (“LCs”) to properly manage financial exposure to connected persons1....
Hong Kong – HKEx Announces Stock Connect Program To Open To WVR Companies
In an important development for the Hong Kong securities market, the Hong Kong Stock Exchange (HKEx) announced1 that it has reached an agreement with the Shanghai and Shenzhen Stock Exchanges to permit companies with dual-class share structures listed in Hong...
Hong Kong – New Conduct Requirements For Licensed Corporations Relating To OTC Derivatives.
The Securities and Futures Commission (SFC) issued its Consultation Conclusionson (1) the OTC derivatives regime for Hong Kong – Proposed requirements in relation to OTC derivative risk mitigation and client clearing; and (2) Proposed conduct requirements to...
Hong Kong – Code of Practice for Third Party Funding Of Arbitration Issued On 7 December 2018.
The Arbitration and Mediation Legislation (Third Party Funding) (Amendment) Ordinance 2017 (Amendment Ordinance) amends the Arbitration Ordinance (Cap. 609) and the Mediation Ordinance (Cap 620) to allow third party funding of arbitrations and mediations respectively....
International Tax Cooperation Spurs Key Development Of The Hong Kong Asset Management Industry – Level Playing Field For Onshore And Offshore Funds.
Overview In December 2017, the Council of the European Union (EU) identified certain ring-fencing features in Hong Kong’s profits tax exemption regime, which are considered discriminatory and isolated from the domestic economy. In order not to be labelled as a...
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...
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...
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...
Hong Kong – Data Protection: Is Compliance Good Enough?
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...
Hong Kong – SFC Rolls Out FRR Amendments.
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...
