Legal News for Financial Markets | Hauzen LLP

What to do if you are caught in a “Rug”? https://hauzen.hk/wp-content/uploads/2021/11/rug-1.png 782 833 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 08/11/2021 08/11/2021

Hauzen
08/11/2021

Cryptocurrency

What to do if you are caught in a “Rug”?

Protect yourself from a rug pull – a malicious act where crypto developers abandon a project and either take off with project funds or sell off their pre-mined holdings

HKEx Consultation Paper on Amendments to Listing Rules relating to Share Schemes https://hauzen.hk/wp-content/uploads/2020/09/piqsels.com-id-zwvfp-escalator_sm.jpg 1920 1080 Emma Emma https://secure.gravatar.com/avatar/06df3a00e73131fc324ebaab4f4624f1?s=96&d=mm&r=g 05/11/2021 05/11/2021

Emma
05/11/2021

Corporate Services

HKEx Consultation Paper on Amendments to Listing Rules relating to Share Schemes

On 29 October 2021, the HKEx published a consultation paper on Proposed Amendments to Listing Rules relating to Share Schemes of listed issuers.

PRC reorganisation proceedings recognised for the first time https://hauzen.hk/wp-content/uploads/2021/11/shenzhen-darmau-lee-5-k1_mBljB0-unsplash_1400x787.jpg 1400 787 Kelly Kelly https://secure.gravatar.com/avatar/edf43aa4257659462da0e70132762ed4?s=96&d=mm&r=g 05/11/2021 10/01/2022

Kelly
05/11/2021

PRC reorganisation proceedings recognised for the first time

Companies embroiled in insolvency proceedings in the PRC or HK will find it easier to exercise their powers and manage their cases in either jurisdiction.

SFC publishes Consultation Conclusion to Code on Pooled Retirement Funds 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 04/11/2021 10/01/2022

Hauzen
04/11/2021

SFC publishes Consultation Conclusion to Code on Pooled Retirement Funds

Amended PRF Code expected to come into force in November 2021. SFC will allow 12-month transitional period key operators to implement.

The Developing Legal Landscape of NFTs https://hauzen.hk/wp-content/uploads/2021/11/nf.jpg 810 524 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 02/11/2021 22/11/2021

Hauzen
02/11/2021

Cryptocurrency

The Developing Legal Landscape of NFTs

The history of NFTs NFTs, also known as Non-Fungible Tokens, have been in existence for nearly a decade. The term “non-fungible” refers to something that…

Companies Registry News Update: Introduction of Re-domiciliation Mechanisms under Open-ended Fund Company & Limited Partnership Fund Regimes https://hauzen.hk/wp-content/uploads/2020/09/piqsels.com-id-zwvfp-escalator_sm.jpg 1920 1080 Emma Emma https://secure.gravatar.com/avatar/06df3a00e73131fc324ebaab4f4624f1?s=96&d=mm&r=g 28/10/2021 01/11/2021

Emma
28/10/2021

Companies Registry News Update: Introduction of Re-domiciliation Mechanisms under Open-ended Fund Company & Limited Partnership Fund Regimes

On 15 Oct 2021, the Companies Registry published an external circular introducing the new fund re-domiciliation mechanisms under the open-ended fund company regime and the limited partnership fund regime.

SFC’s Revised Guidelines on Competence effective on 1 January 2022 – Part II https://hauzen.hk/wp-content/uploads/2020/09/stairs-alex-rodriguez-santibanez-AIvKJfwMcd8-unsplash_1401x788sm.jpg 1401 788 Charing Charing https://secure.gravatar.com/avatar/3b49b8bf757de52b123ffa502a0e4f5e?s=96&d=mm&r=g 28/10/2021 10/01/2022

Charing
28/10/2021

SFC’s Revised Guidelines on Competence effective on 1 January 2022 – Part II

We return with the second part to our two-part series on the Consultation Conclusions on Proposed Enhancements to the Competency Framework for Intermediaries and Individual…

New MOU to enhance fintech regulation in GBA https://hauzen.hk/wp-content/uploads/2021/11/guangzhou-derch-Zp4gRwQFLRE-unsplash_1400x788.jpg 1400 788 Kelly Kelly https://secure.gravatar.com/avatar/edf43aa4257659462da0e70132762ed4?s=96&d=mm&r=g 28/10/2021 26/11/2021

Kelly
28/10/2021

New MOU to enhance fintech regulation in GBA

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.

SFC’s Revised Guidelines on Competence effective 1 January 2022 https://hauzen.hk/wp-content/uploads/2020/09/stairs-alex-rodriguez-santibanez-AIvKJfwMcd8-unsplash_1401x788sm.jpg 1401 788 Charing Charing https://secure.gravatar.com/avatar/3b49b8bf757de52b123ffa502a0e4f5e?s=96&d=mm&r=g 22/10/2021 10/01/2022

Charing
22/10/2021

SFC’s Revised Guidelines on Competence effective 1 January 2022

Following the Securities and Futures Commission’s (“SFC”) publication of the Consultation Conclusions on Proposed Enhancements to the Competency Framework for Intermediaries and Individual Practitioners on 18 June 2021, the proposed enhancements will be reflected in the revised Guidelines on Competence (“Competence Guidelines”) and the revised Guidelines on Continuous Professional Training (“CPT Guidelines”), both of which will become effective on 1 January 2022. In this two-part series, we will focus on the key changes under the Competence Guidelines for Responsible Officers and Licensed Representatives.

Joint Inspection by IA & HKMA on use of premium financing to take out long term insurance policies in Hong Kong https://hauzen.hk/wp-content/uploads/2020/12/stairs-feet-pikwizard-e56c51548444732f224d910d420e40f5_1401x788sm.jpg 1401 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 21/10/2021 01/11/2021

Hauzen
21/10/2021

Joint Inspection by IA & HKMA on use of premium financing to take out long term insurance policies in Hong Kong

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.

Fraud Exception in Summary Judgments Abolished https://hauzen.hk/wp-content/uploads/2021/10/money-pexels-tima-miroshnichenko-6266453_1401x786sm.jpg 1401 786 Kelly Kelly https://secure.gravatar.com/avatar/edf43aa4257659462da0e70132762ed4?s=96&d=mm&r=g 21/10/2021 10/01/2022

Kelly
21/10/2021

Fraud Exception in Summary Judgments Abolished

Victims of fraud can soon seek recourse at an early stage of legal proceedings without lengthy trials and unnecessary legal costs.

HKSAR Govt welcomes passage of Securities and Futures (Amd) Bill 2021 & Limited Partnership Fund and Business Reg Legislation (Amd) Bill 2021 https://hauzen.hk/wp-content/uploads/2020/09/piqsels.com-id-zwvfp-escalator_sm.jpg 1920 1080 Emma Emma https://secure.gravatar.com/avatar/06df3a00e73131fc324ebaab4f4624f1?s=96&d=mm&r=g 20/10/2021 01/11/2021

Emma
20/10/2021

HKSAR Govt welcomes passage of Securities and Futures (Amd) Bill 2021 & Limited Partnership Fund and Business Reg Legislation (Amd) Bill 2021

On 30 September 2021, the Secretary for Financial Services and the Treasury welcomed the passage of the Securities and Futures (Amendment) Bill 2021 and Limited Partnership Fund and Business Registration Legislation (Amendment) Bill 2021 by the Legislative Council, which are intended to spur the rapid development of the asset and wealth management business of Hong Kong.

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