[Hong Kong]
Circular to intermediaries, responsible officers and licensed representatives
Waiver of annual licensing fees
SFC Circular, 19
Mar 2021
The SFC will waive
the annual licensing fees of all intermediaries and licensed individuals
incurred during the period from 1 April 2021 to 31 March 2022. Payments of all
other fees, including for licence applications and transfers, will not be
affected.
Full text: click here
[Hong Kong] Sixth
Issue of Regtech Watch
HKMA Circular, 19
Mar 2021
HKMA published the
sixth issue of Regtech Watch which focuses on how technology applications can
help authorized institutions manage risks associated with treasury activities,
encompassing operational risk, legal risk, liquidity risk and market risk. It
illustrates how Regtech may strengthen risk management controls in treasury
operations which involve the scrutiny of a large volume of trading data spanning
multiple systems.
Full text: click here; Encl: click here
[Hong Kong]
Legislative amendments for implementation of uncertificated securities market
regime and enhancement of over-the-counter derivative regulatory regime
gazetted
HKSAR Press
Releases, 19 Mar 2021
The Government
published the Securities and Futures and Companies Legislation (Amendment) Bill
2021 (the Bill) in the Gazette. The Bill seeks to amend the Securities and
Futures Ordinance, the Companies Ordinance and other existing legislation to
implement a complete uncertificated securities market (USM) regime under a
revised operational model, as well as to clarify the scope of regulated
activities for the new over-the-counter (OTC) derivative licensing regime. It
will be introduced into the Legislative Council for First Reading on March 24.
Full text: click here; Legislative Council Brief: click here; Bill gazetted: click here
