Posts By :

Hauzen LLP

SFC’s Circular to licensed corporations – Operation of Bank Accounts
SFC’s Circular to licensed corporations – Operation of Bank Accounts 1401 788 Hauzen LLP
The Securities and Futures Commission (“SFC”) issued a circular to licensed corporations (“LC”) on 28 June 2021 warning against unsatisfactory practices in the operation of bank accounts of LCs (the “Circular”). 

Guideline on Fit and Proper Criteria for Licensing of Money Lenders
Guideline on Fit and Proper Criteria for Licensing of Money Lenders 1401 786 Hauzen LLP
On 29 January 2021, the Companies Registry (the “CR”) published the Guideline on Fit and Proper Criteria for Licensing of Money Lenders to outline the criteria and matters that the CR considers in determining the fitness and properness of applicants for money lenders licences.

Consultation on Proposed Code of Practice for Third Party Funding in Mediation
Consultation on Proposed Code of Practice for Third Party Funding in Mediation 1400 935 Hauzen LLP
On 16 August 2021, the Department of Justice launched a two month public consultation to seek comments on the draft Code of Practice for Third Party Funding of Mediation (the “Code”).
Financial Services Regulation

Companies Registry News Update: Commencement of New Inspection Regime – Phase 1
Companies Registry News Update: Commencement of New Inspection Regime – Phase 1 1920 1080 Hauzen LLP
On 16 August 2021, the Companies Registry published external circular no.1/2021 regarding the commencement of a new inspection regime of the Companies Register under the Companies Ordinance (Cap.622) on 23 August 2021.

SFC warns unregulated virtual asset platforms
SFC warns unregulated virtual asset platforms 1400 787 Hauzen LLP
The Securities and Futures Commission warns unregulated virtual asset platforms

SFC publishes Guidance on Environmental, Social and Governance (“ESG”) Fund Disclosures
SFC publishes Guidance on Environmental, Social and Governance (“ESG”) Fund Disclosures 1400 788 Hauzen LLP
On 29 June 2021, the Securities and Futures Commission published the “Circular to management companies of SFC-authorized unit trusts and mutual funds – ESG funds”.

Guideline on Application for Authorization to Carry on Special Purpose Business
Guideline on Application for Authorization to Carry on Special Purpose Business 1402 790 Hauzen LLP
The Guideline is issued in connection with the regime administered by the IA for authorization of special purpose insurers (“SPIs”) to carry on special purpose business (“SPB”) in Hong Kong, which is defined to mean “the insurance business of effecting and carrying out contracts of insurance that are fully funded through insurance securitization”.
Financial Services Regulation

HKEx’s disciplinary action against two former directors of Farnova Group Holdings Limited
HKEx’s disciplinary action against two former directors of Farnova Group Holdings Limited 1920 1080 Hauzen LLP
On 19 July 2021, the GEM Listing Committee of HKEx censured two former directors of Farnova Group Holdings Limited (Stock Code: 8153).

HKMA’s Guideline on Certification of Funds for Carried Interest Tax Concession
HKMA’s Guideline on Certification of Funds for Carried Interest Tax Concession 1401 789 Hauzen LLP
The Hong Kong Monetary Authority on 16 July 2021 issued a Guideline on Fund Certification for Carried Interest Tax Concession under Schedule 16D to the Inland Revenue Ordinance (Cap. 112).
Back to top
Privacy Preferences

When you visit our website, it may store information through your browser from specific services, usually in the form of cookies. Here you can change your Privacy preferences. It is worth noting that blocking some types of cookies may impact your experience on our website and the services we are able to offer.  View our Legal Notices

For performance and security reasons we use Cloudflare
required
Click to enable/disable Google Analytics tracking code.
Click to enable/disable Google Fonts.
Click to enable/disable Google Maps.
Click to enable/disable video embeds.
Our website uses cookies, including from 3rd party services. Define your Privacy Preferences and/or agree to our use of cookies.