Hong Kong Law
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SFC Disciplinary Actions in May 2020
The SFC continued its focus on disciplining licensed intermediaries for breaches of the SFC Code of Conduct and corporate misconduct by companies listed on the Hong Kong Stock Exchange in May 2020.
HKSAR Government extends social distancing to 18 June 2020 and eases immigration controls
The HKSAR Government announced on 02 June 2020 the extension of social distancing measures to 18 June 2020 and the easing of immigration controls which includes the compulsory quarantine measures
Easing of certain social distancing measures and how they apply to shareholders’ meetings
The HKSAR announced on 5 May 2020 the easing of certain social distancing measures. The latest Group Gathering Regulations (Cap. 599G) came into effect on 08 May 2020 which exempted shareholders’ meetings
SFC Guidance to Licensed Corporations on Remote Office Cybersecurity Risk Management amid COVID-19
Hong Kong’s SFC issued a circular to licensed corporations on their cybersecurity risk management obligations and the SFC Code of Conduct requirements regarding remote office arrangements.
HKEx to Implement Volatility Control Mechanism Enhancements on 11 May 2020
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SFC Guidance for Authorised Funds amid the COVID-19 pandemic
The SFC has issued circulars and FAQs for SFC-licensed fund managers highlighting their regulatory obligations to ensure the fair treatment of investors particularly in applying liquidity risk management tools
SFC Publishes Guidance to Licensed Intermediaries amid COVID-19
The SFC has issued guidance to SFC-licensed brokers on how to comply with regulatory requirements, such as brokers’ order recording obligations of client orders taken outside the office.
HKEx IPO Market Q1 2020
COVID-19 has impacted the global IPO market but Hong Kong has performed reasonably in terms of deal numbers and proceeds raised. The following is an analysis of the market performance and outlook for 2020.
SFC Sets Standards for Leveraged Foreign Exchange Traders Effective 1 January 2021
Hong Kong’s SFC issued a circular and report setting out the expected regulatory standards and good industry practices for leveraged foreign exchange traders to comply with by 1 January 2021.
HKMA Announces Pre-approved Principal Payment Holiday Scheme amid COVID-19 Pandemic
The HKMA announced a scheme for banks to provide a six-month principal payment holiday to eligible corporate customers aimed at providing relief for SMEs affected by the COVID-19 outbreak.
SFC Guidance to ETF Fund Managers and Market Makers after Temporary Halt by ETF Market Maker amid COVID-19 Pandemic
The SFC issued a circular to management companies and market makers of SFC-authorised ETFs reminding ETF fund managers and market makers of their risk management obligations amid the COVID-19 outbreak.
Hong Kong Government Support for Local Enterprises & SMEs
The following provides a summary of the funding initiatives announced by the Hong Kong Government in light of COVID-19 aimed at local enterprises and SMEs severely affected.