Legal News for Hong Kong Markets | Hauzen LLP

Proposals to Expand Paperless Listing Regime https://hauzen.hk/wp-content/uploads/2021/11/network-pexels-brett-sayles-4339335.jpg 1400 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 20/04/2023 26/04/2023

Hauzen
20/04/2023

Proposals to Expand Paperless Listing Regime

Exchange now proposes changes to other documentary requirements to further simplify the administrative procedures and reduce the use of paper.

Passage of AML and CTF (Amendment) Bill 2022 https://hauzen.hk/wp-content/uploads/2021/12/papers-pexels-brotin-biswas-518543_1400x788sm.jpg 1400 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 18/04/2023 20/04/2023

Hauzen
18/04/2023

Legislative Update

Passage of AML and CTF (Amendment) Bill 2022

The amended AMLCTFO will come into effect in phases in 2023Q2 to provide industries concerned with sufficient time to prepare for new regulatory requirements.

Hong Kong Wah Kiu Investment Co Ordered to Compensate Clients https://hauzen.hk/wp-content/uploads/2021/02/bangkok-stairs-ryan-tang-8OyZGH43-p4-unsplash-sm.jpg 1400 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 18/04/2023 20/04/2023

Hauzen
18/04/2023

Hong Kong Wah Kiu Investment Co Ordered to Compensate Clients

The SFC’s investigation reveals intent to defraud or deceive and orders HKWKICL clients compensated

The Crypto Winter and the Rise in Crypto Fraud https://hauzen.hk/wp-content/uploads/2023/04/bitcoin-rythik-A-p_6tFvGF8-unsplash_1400x787.jpg 1400 787 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 12/04/2023 12/04/2023

Hauzen
12/04/2023

Cryptocurrency

The Crypto Winter and the Rise in Crypto Fraud

There is much debate over whether the crypto winter is over. In the meantime, investors should should get good advice early in the game to avoid scams.

HKMA’s Conclusion on Crypto-assets & Stablecoins https://hauzen.hk/wp-content/uploads/2021/11/circuitboard-vishnu-mohanan-pfR18JNEMv8-unsplash_1400x788.jpg 1400 788 Basil Hwang Basil Hwang https://secure.gravatar.com/avatar/5d3f58de143db081e366aef68a3a5c15?s=96&d=mm&r=g 24/03/2023 28/03/2023

Basil Hwang
24/03/2023

HKMA’s Conclusion on Crypto-assets & Stablecoins

HKMA is of the view that entities conducting stablecoin activity in Hong Kong or actively marketing such an activity here ought to hold a relevant licence.

Hong Kong Embraces Cryptocurrency: Get Ready for New VASP Regime https://hauzen.hk/wp-content/uploads/2021/11/circuitboard-ryan-tpAyLp9Ro50-unsplash_1400x787.jpg 1400 787 Basil Hwang Basil Hwang https://secure.gravatar.com/avatar/5d3f58de143db081e366aef68a3a5c15?s=96&d=mm&r=g 13/02/2023 01/09/2023

Basil Hwang
13/02/2023

Hong Kong Embraces Cryptocurrency: Get Ready for New VASP Regime

Operating a virtual asset in Hong Kong? Learn what you need to do to get ready for the new SFC legislation starting 01 June 2023!

CFI Dismisses Judicial Review against SFC’s Restriction Notices https://hauzen.hk/wp-content/uploads/2021/11/woam-computer-pexels-mikhail-nilov-7534101_1400x788.jpg 1400 788 Kelly Ho Kelly Ho https://secure.gravatar.com/avatar/edf43aa4257659462da0e70132762ed4?s=96&d=mm&r=g 01/02/2023 01/02/2023

Kelly Ho
01/02/2023

CFI Dismisses Judicial Review against SFC’s Restriction Notices

The judicial review applicants of the “No Consent Regime” have now challenged the Restriction Notices issued by the SFC, but were unsuccessful.

Collapse of FTX Hastens Calls for Cryptocurrency Regulations https://hauzen.hk/wp-content/uploads/2022/01/bitcoin-pexels-alesia-kozik-6778581_1400x788sm.jpg 1400 788 Byron Chow Byron Chow https://secure.gravatar.com/avatar/da4b3f4ddc0f2cc2ce4863d34966070c?s=96&d=mm&r=g 18/01/2023 13/02/2023

Byron Chow
18/01/2023

Collapse of FTX Hastens Calls for Cryptocurrency Regulations

FTX’s collapse highlights the need to put in place regulations for cryptocurrency in the world’s major financial markets, and Hong Kong is committed to addressing such a need.

AnJie Broad Establishes Hong Kong Practice https://hauzen.hk/wp-content/uploads/2023/01/anjiebroad-hong-kong_1200x627.jpg 1200 627 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 09/01/2023 10/01/2023

Hauzen
09/01/2023

Announcements

AnJie Broad Establishes Hong Kong Practice

We congratulate AnJie Broad on commencing its practice as a Hong Kong law firm today and look forward to deepening our cooperation.

HK has Fully Implemented the Outcome Related Fee Structures for Arbitration Regime https://hauzen.hk/wp-content/uploads/2021/12/papers-pexels-brotin-biswas-518543_1400x788sm.jpg 1400 788 Kelly Ho Kelly Ho https://secure.gravatar.com/avatar/edf43aa4257659462da0e70132762ed4?s=96&d=mm&r=g 21/12/2022 21/12/2022

Kelly Ho
21/12/2022

HK has Fully Implemented the Outcome Related Fee Structures for Arbitration Regime

On 16 December 2022, the ORFSA regime was fully implemented in Hong Kong through the amended Arbitration Ordinance (Cap. 609) and the new Arbitration (Outcome Related Fee Structures for Arbitration) Rules (Cap. 609D).

Completion of the Merger between AnJie Law firm and Broad & Bright Law Firm https://hauzen.hk/wp-content/uploads/2022/12/anjiebroad_logo-color_1920x1080.jpg 1920 1080 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 16/11/2022 19/12/2022

Hauzen
16/11/2022

Announcements

Completion of the Merger between AnJie Law firm and Broad & Bright Law Firm

AnJie Law Firm, which Hauzen LLP has been associated with since 2018, and Broad & Bright Law Firm will operate officially as one firm, renamed as 北京安杰世泽律师事务所.

HKLRC Proposes New Legislation on Cybercrime https://hauzen.hk/wp-content/uploads/2021/11/microchip-laura-ockel-qOx9KsvpqcM-unsplash_1400x787.jpg 1400 787 Yuqi Shi Yuqi Shi https://secure.gravatar.com/avatar/537855a86fcba638bc4bd54ce71dfc6c?s=96&d=mm&r=g 08/11/2022 08/11/2022

Yuqi Shi
08/11/2022

HKLRC Proposes New Legislation on Cybercrime

Businesses in Hong Kong may soon need to account for cybercrimes laws when establishing their information and communication technology security frameworks.

SFC Suspends RO of Rifa Futures Ltd for Breach of KYC, AML & CFT Reqs https://hauzen.hk/wp-content/uploads/2021/10/money-pexels-tima-miroshnichenko-6266453_1401x786sm.jpg 1401 786 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 27/10/2022 08/11/2022

Hauzen
27/10/2022

SFC Suspends RO of Rifa Futures Ltd for Breach of KYC, AML & CFT Reqs

SFC taking much stronger approach against failure to adhere to KYC, AML & CFT standards. Mere for-show due-diligence and monitoring checks will not suffice.

PCPD Issues Guidance Note on Data Security Measures https://hauzen.hk/wp-content/uploads/2021/11/circuitboard-ryan-tpAyLp9Ro50-unsplash_1400x787.jpg 1400 787 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 13/10/2022 19/10/2022

Hauzen
13/10/2022

PCPD Issues Guidance Note on Data Security Measures

With data breaches and compliance actions on the rise, the Office of the Privacy Commissioner for Personal Data issued new guidance on data security measures.

New Inspection Regime for Personal Info on Companies Register https://hauzen.hk/wp-content/uploads/2021/11/personal-data-pexels-thisisengineering-3861969_1400x787sm.jpg 1400 787 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 07/10/2022 24/03/2023

Hauzen
07/10/2022

Corporate Services

New Inspection Regime for Personal Info on Companies Register

Changes aim to enhance protection of sensitive personal information while keeping transparency and usefulness of Companies Register for legitimate purposes.

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