Regulatory & Compliance

Insider dealing – s. 271(3) defence that purpose of dealing did not include securing profit by “using relevant information” – “using” in s. 271(3) did not cover withholding or non-...
August 2017
In late July, the Securities and Futures Commission (“SFC”) announced that it had entered into a supervisory memorandum of understanding (“MOU”) with the UK Financial Conduct Authority (“FCA”)....
August 2017
The Egg Drop Experiment Remember that experiment where students would build a container for eggs, then drop the container from a height, to see if it would protect the eggs from breaking?...
August 2017
Hong Kong's securities regulator has vowed to take action against private equity funds and discretionary accounts involved in "improper activities" amid increased market scrutiny by authorities...
August 2017
On 11 July 2017, the Cyberspace Administration of China (“CAC”) circulated for public comment the Rules on the Protection of Critical Information Infrastructure Security (Draft for Comments...
August 2017
Banking regulators will postpone their next meeting in another bid to agree on global capital rules, taking more time to try to overcome objections from European banks to minimum capital levels,...
August 2017
The Market Misconduct Tribunal recently found that a no material adverse change (“no-MAC”) statement published by CITIC Limited in 2008 did not constitute market misconduct under s. 277 of the...
July 2017
Tencent Holdings' online publishing subsidiary has sought a waiver from Hong Kong listing rules to allow it to withhold shareholding information of some executives, drawing criticism...
July 2017
Global regulators warned on Wednesday, 5 July, of shortcomings in efforts to ensure that clearing houses can recover from a crisis without a meltdown in the financial system or a taxpayer bailout...
July 2017
Bank Culture Reform The Hong Kong Monetary Authority (the “HKMA”) released a circular entitled “Bank Culture Reform” on 2 March 2017. The circular sets out a framework for establishing a sound...
July 2017
Hong Kong's ever-closer relationship with mainland China may be good for business, but it poses growing corporate governance challenges for the former British colony, which this weekend marks 20...
July 2017
The central banks of China and Hong Kong on Sunday, 2 July, said non-mainland investors can start trading Chinese corporate bonds in a trial beginning on Monday, confirming a calendar...
July 2017
The Market Misconduct Tribunal (“MMT”) recently disagreed with the Securities and Futures Commission, holding that an executive director and a number of non-executive directors did not commit the...
May 2017
The Hong Kong market is presently faced with an increase in mainland private enterprises listing on the local exchange, resulting in shell planting and volatility in stock prices in the Growth...
May 2017
Hong Kong's securities and banking regulators have issued a joint consultation proposing certain carve-outs from requirements under the over-the-counter ("OTC") derivatives regulatory regime....
May 2017
In a recent speech, Ashley Alder, chief executive of the Securities and Futures Commission ("SFC"), discussed how the regulator tackles market risks across its operations. He also described a...
May 2017
Better access to licensing information held by Hong Kong's Securities and Futures Commission ("SFC") will make life easier for compliance and legal staff at the territory's banking and...
May 2017
Asia's private banking sector is one main area where the Markets in Financial Instruments Directive ("MiFID II") will see the biggest impact, said consultants.  MiFID II is a EU...
May 2017
Hong Kong's securities regulator said on 27 April it would take "a hard look" into pledging of shares for loans, such as in the case of China Huishan Dairy Holdings Co Ltd which last month saw a...
May 2017
The Hong Kong government, along with the territory's three major financial regulators, released a final report on Thursday, 6 April following a public consultation on the local...
April 2017