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Hong Kong AML/CFT

Dechert LLP

HK Licensing & Regulatory Sandbox for Stablecoin Issuers

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On 27 December 2023, the Hong Kong Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly issued a consultation paper (the Consultation) proposing regulatory regime for...more

Skadden, Arps, Slate, Meagher & Flom LLP

JPEX Is Test Case for Hong Kong’s New Regulatory Regime for Virtual Asset Exchanges

Hong Kong regulators recently brought criminal enforcement actions against virtual asset trading platform JPEX and individuals associated with the platform. This case has become the first opportunity for local authorities to...more

BakerHostetler

Firms Announce New Crypto Initiatives; Court Overturns Bitcoin ETF Rejection; FASB Updates Crypto Accounting Standard; SEC Brings...

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SWIFT Publishes Blockchain Pilot Findings; Firms Announce USDC Integrations - According to a recent press release, the Society for Worldwide Interbank Financial Telecommunication (Swift) recently published a report with...more

Latham & Watkins LLP

New Era Dawns for Hong Kong’s Virtual Assets Sector

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The regulatory perimeter continues to expand as the Securities and Futures Commission introduces a comprehensive regime to regulate virtual asset service providers. This Client Alert reviews key obligations and...more

Dechert LLP

Upcoming Regulatory Initiatives Impacting Private Fund Managers - September 2022

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This latest edition of the regulatory initiatives paper sets out at a high level the core regulatory issues that are likely to impact private fund managers in the coming months, including an overview of the key actions needed...more

Goodwin

Mandatory Licensing Regime for Virtual Asset Exchanges in Hong Kong

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Hong Kong has traditionally been a hub for digital asset businesses in the region. As regulators in Hong Kong are working to tighten the regulatory regime on virtual asset exchanges, market players and investors seeking to...more

Latham & Watkins LLP

BIS Issues Final Guidance on Stablecoin Regulation

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The global central bank cooperative body would bring stablecoins within the international standards for payment, clearing, and settlement systems....more

Latham & Watkins LLP

Hong Kong Formalises Legal Framework to Regulate Virtual Asset Exchanges

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On 24 June 2022, the Hong Kong government published in the Gazette the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 (Amendment Bill). The Amendment Bill proposes amendments to the Anti-Money...more

Hogan Lovells

Hong Kong Corporate & Regulatory Insights — July 2021

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Hogan Lovells' Hong Kong Corporate & Regulatory Insights July 2021 edition is published today to keep you abreast of the recent legal and regulatory developments in the Hong Kong corporate market. The topics covered in the...more

Hogan Lovells

Hong Kong Corporate & Regulatory Insights – April 2021

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Equity Capital Markets - The Stock Exchange of Hong Kong Limited (SEHK) publishes consultation paper on review of corporate governance code and related Listing Rules - SEHK published a consultation paper outlining...more

A&O Shearman

Money laundering concerns prompt consultation on regulation of virtual asset service providers in Hong Kong

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(i) a licensing regime for virtual asset trading platforms in Hong Kong, including anti-money laundering obligations; (ii) a two-tier registration regime for dealers in precious metals and stones; and...more

Latham & Watkins LLP

Key Regulatory Developments in Hong Kong and Singapore: September 2020

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Regulators consult on anti-money laundering guidelines and issue guidance on cybersecurity, best execution, and senior management accountability. This blog post summarizes key regulatory developments in Hong Kong and...more

Latham & Watkins LLP

Hong Kong SFC Consults on Enhancements to Anti-Money Laundering Guideline

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Amidst its continued regulatory focus on money laundering and terrorist financing risks, the SFC seeks to clarify and consolidate guidance for licensed firms. On 18 September 2020, the Hong Kong Securities and Futures...more

Hogan Lovells

Hong Kong’s new Limited Partnership Fund regime

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Through the unveiling of the Limited Partnership Fund (LPF) regime, Hong Kong makes clear its intention to join the Cayman Islands and Luxembourg as a viable alternative for Asia-focused asset managers seeking fund domicile....more

Hogan Lovells

To money service operators: now is the time to be present, physically and mentally

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In Hong Kong, any person operating a money service is required to obtain a Money Service Operator (MSO) licence. Money services include the following...more

Morgan Lewis

What You Need To Know About Hong Kong's New Rules On External Electronic Data Storage

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The Hong Kong Securities and Futures Commission ( SFC) has observed that the use of external electronic data storage providers (EDSPs), including public and private cloud storage, by licensed corporations (LCs) has become...more

Dechert LLP

Financial Services Quarterly Report - Fourth Quarter 2019: New Limited Partnership Regime for Private Equity Funds in Hong Kong

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The Hong Kong Financial Secretary announced in his 2019-20 Budget speech that the government was seeking to establish a limited partnership regime for funds (LPF), in order to facilitate industry development while maintaining...more

Latham & Watkins LLP

Hong Kong FinTech Week: Day 1 in Review

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SFC outlines new regulatory framework for virtual asset trading platforms, HKMA highlights recent FinTech initiatives, and PBOC discusses China’s forthcoming central bank digital currency. The fourth annual Hong Kong FinTech...more

Hogan Lovells

Financial Services Regulatory Tracker - Q4 2018

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Many of our financial services sector clients have indicated their need to keep track of updates on new laws and regulations amid a rapidly changing regulatory landscape in Hong Kong. ...more

Hogan Lovells

Do you know where that money is coming from?

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The Hong Kong Securities and Futures Commission (SFC) has issued its largest fine ever for violations of anti-money laundering (AML) and counter-terrorist financing (CFT) regulatory requirements....more

Hogan Lovells

Changes in insurance regulation: China / Hong Kong / Singapore / Indonesia / Vietnam - January - March 2018

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Our Asia insurance regulatory tracker for the first quarter of 2018 is below. It includes updates on the introduction of an insurance levy in Hong Kong, a consultation on agency recruitment incentives in Singapore, and new...more

Katten Muchin Rosenman LLP

Corporate & Financial Weekly Digest - Volume X, Issue 11

In This Issue: - Delaware Proposal Banning Fee-Shifting and Permitting Exclusive Forum Provisions - SEC Charges Insiders for Failure to Update Schedule 13D Disclosures - CBOE Proposes Amendments to...more

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