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Read our expert legal news and briefings on Hong Kong’s financial markets, logistics and technology.
Guideline on Submission of Business Plan by Applicant of a Money Lenders Licence
Guideline on Submission of Business Plan by Applicant of a Money Lenders Licence 1401 786 Hauzen

Guideline on Submission of Business Plan by Applicant of a Money Lenders Licence

Further to our article on the publication of the Guideline on Fit and Proper Criteria for Licensing of Money Lenders, on 29 January 2021, the Companies Registry published another Guideline on Submission of Business Plan by Applicant of a Money Lenders Licence.

SFC’s Circular to licensed corporations – Operation of Bank Accounts
SFC’s Circular to licensed corporations – Operation of Bank Accounts 1401 788 Hauzen

SFC’s Circular to licensed corporations – Operation of Bank Accounts

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

Guideline on Fit and Proper Criteria for Licensing of Money Lenders

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.

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

Companies Registry News Update: Commencement of New Inspection Regime – Phase 1

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

SFC warns unregulated virtual asset platforms

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

SFC publishes Guidance on Environmental, Social and Governance (“ESG”) Fund Disclosures

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”.

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

HKEx’s disciplinary action against two former directors of Farnova Group Holdings Limited

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

HKMA’s Guideline on Certification of Funds for Carried Interest Tax Concession

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).

Bills for re-domiciliation of foreign investment funds gazetted
Bills for re-domiciliation of foreign investment funds gazetted 1400 788 Hauzen

Bills for re-domiciliation of foreign investment funds gazetted

Exciting possibilities for hedge funds, private equity funds and others, whether close-ended or open-ended, to move their domicile to Hong Kong.

Court of Appeal grants SFC compensation orders against former directors of EganaGoldpfeil
Court of Appeal grants SFC compensation orders against former directors of EganaGoldpfeil 1401 786 Hauzen

Court of Appeal grants SFC compensation orders against former directors of EganaGoldpfeil

Court of Appeal grants the Securities and Futures Commission $622 million compensation orders against former directors of EganaGoldpfeil (Holdings) Ltd.

Commencement dates for new inspection regime under Companies Ordinance
Commencement dates for new inspection regime under Companies Ordinance 1400 787 Hauzen

Commencement dates for new inspection regime under Companies Ordinance

HKSAR published in the Gazette on 18 June 2021 the following commencement notices and subsidiary legislation for implementation of the inspection regime.

HKEx Publishes Revised Policy Statement on Enforcement of Listing Rules & Sanctions Statement
HKEx Publishes Revised Policy Statement on Enforcement of Listing Rules & Sanctions Statement 1920 1080 Hauzen

HKEx Publishes Revised Policy Statement on Enforcement of Listing Rules & Sanctions Statement

HKEx published a revised Enforcement Policy Statement, a revised Enforcement Sanctions Statement, and important information about their approach to enforcement.

SFC suspends a Responsible Officer of GEO Securities Ltd
SFC suspends a Responsible Officer of GEO Securities Ltd 1400 788 Hauzen

SFC suspends a Responsible Officer of GEO Securities Ltd

The Hong Kong Securities and Futures Commission suspends a Responsible Officer of GEO for breach of licensing conditions.

HKSAR & Mainland sign record of meeting concerning mutual recognition of and assistance in insolvency proceedings
HKSAR & Mainland sign record of meeting concerning mutual recognition of and assistance in insolvency proceedings 1920 1080 Hauzen

HKSAR & Mainland sign record of meeting concerning mutual recognition of and assistance in insolvency proceedings

Hong Kong and Mainland China signed a record of meeting signifying consensus on mutual recognition of and assistance in insolvency proceedings between the two.

Launch of grant scheme for open-ended fund companies and real estate investment trusts
Launch of grant scheme for open-ended fund companies and real estate investment trusts 1401 788 Hauzen

Launch of grant scheme for open-ended fund companies and real estate investment trusts

Hong Kong’s Financial Secretary announces subsidies for open-ended fund companies to set up in or re-domicile and Real Estate Investment Trusts to list in HK.

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