Financial Services Regulation

High Court Finds “No Consent Regime” Unlawful
High Court Finds “No Consent Regime” Unlawful 1401 786 Kelly Ho
While the implications of this decision remain to be seen, victims of fraud are still recommended to make a police report in any event.

HKMA Releases Technical Whitepaper on Retail Central Bank Digital Currency
HKMA Releases Technical Whitepaper on Retail Central Bank Digital Currency 1400 788 Hauzen LLP
With global trend of issuance of CBDC, HKMA released whitepaper exploring potential architecture and design options that could be applied to distributing e-HKD.

AML Regtech Lab “AMLab” launched in Hong Kong
AML Regtech Lab “AMLab” launched in Hong Kong 1400 788 Kelly Ho
Through AMLab, it is hoped that the general effectiveness and efficiency of the AML ecosystem in Hong Kong will be improved.  

New MOU to enhance fintech regulation in GBA
New MOU to enhance fintech regulation in GBA 1400 788 Kelly Ho
This new network link-up creates a one-stop platform for firms to conduct pilot trials of cross-boundary fintech initiatives in HK and GBA cities concurrently.

Joint Inspection by IA & HKMA on use of premium financing to take out long term insurance policies in Hong Kong
Joint Inspection by IA & HKMA on use of premium financing to take out long term insurance policies in Hong Kong 1401 788 Hauzen LLP
On 30 September 2021, the Insurance Authority and the Hong Kong Monetary Authority published a circular on the IA and the HKMA’s joint inspection exercise relating to premium financing of long term insurance policies in Hong Kong.

Carried Interest Tax Concession Regime for Private Equity Funds
Carried Interest Tax Concession Regime for Private Equity Funds 1401 788 Hauzen LLP
New regime operates to provide tax concession at both the salaries tax and profits tax levels.  

Joint announcement by HKMA & PBoC on implementation arrangements of cross-boundary wealth management connect scheme
Joint announcement by HKMA & PBoC on implementation arrangements of cross-boundary wealth management connect scheme 1400 788 Hauzen LLP
In September 2021, the HKMA and the PBoC released a joint announcement on the implementation arrangements for the cross-boundary wealth management connect pilot scheme in the Guangdong-Hong Kong-Macao Greater Bay Area.

SFC’s new initiative to warn against unauthorised investment schemes
SFC’s new initiative to warn against unauthorised investment schemes 1401 788 Hauzen LLP
The Securities and Futures Commission (the “SFC”) launched a new initiative to warn the public against unauthorised investment arrangements which are suspected to be collective investment schemes (“CIS”).

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.
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.