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2 weeks ago | 
globalcompliancenews.com | Karen H.Y. Man |Grace Fung |Samantha Lai
On 19 February 2025, the Securities and Futures Commission (SFC) issued a regulatory roadmap (Roadmap) for Hong Kong’s virtual asset (VA) market.
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2 months ago | 
lexology.com | Grace Fung |Christina Lee |Karen H.Y. Man |Sophia Man |Jeremy C. Ong |Jason Ng
In briefNew regime for the listing of Alternative Asset Funds17 February 2025, the Hong Kong Securities and Futures Commission (SFC) published its Circular on Listed Closed-ended Alternative Asset Funds ("Circular").
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Dec 17, 2024 | 
globalcompliancenews.com | Karen H.Y. Man |Grace Fung |Samantha Lai
On 6 December 2024, the Hong Kong government gazetted the Stablecoins Bill (“Bill“), which aims to establish a regulatory regime for issuers of fiat-referenced stablecoins (“FRS“) in Hong Kong. This follows public consultations by the Financial Services and the Treasury Bureau (“FSTB“) and the Hong Kong Monetary Authority (“HKMA“). For more details, see the Previous Consultations section in the linked alert below.
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Oct 10, 2024 | 
globalcompliancenews.com | Karen H.Y. Man |Mark Simpson |Karl Paulson Egbert
The financial services industry continues to see significant transformation driven by rapid technological advancements (notably generative AI and digital assets), increasingly burdensome AML and sanction regimes, new ESG obligations, and ongoing consolidation within the sector. The impact of regulatory change, together with the complexity of implementation, and conflicting regulations across various jurisdictions can expose businesses to heightened regulatory risks.
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Apr 17, 2024 | 
globalcompliancenews.com | Karen H.Y. Man
For all the benefits that fintech has brought to consumers, businesses and societies, it has also introduced new sources of vulnerability to financial systems, raising questions about the latter’s fragility. These systemic risks are interconnected but broadly fall into the following categories:You may view the entire article here.
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Apr 3, 2024 | 
globalcompliancenews.com | Karen H.Y. Man |Grace Fung |Samantha Lai |Aaron Dauber
In briefOn 12 March 2024, the Hong Kong Monetary Authority (HKMA) issued a press release announcing the launch of its new stablecoin issuer sandbox arrangement (“Stablecoin Sandbox”). The Stablecoin Sandbox is another step following the legislative proposal to implement a new regulatory regime for stablecoin issuers.1 The Stablecoin Sandbox will facilitate communications between the HKMA and interested stablecoin issuers to gauge the expected regulatory standards.
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Mar 22, 2024 | 
lexology.com | Karen H.Y. Man |Grace Fung |Samantha Lai |Aaron Dauber |Erin Cao
On 12 March 2024, the Hong Kong Monetary Authority (HKMA) issued a press release announcing the launch of its new stablecoin issuer sandbox arrangement ("Stablecoin Sandbox"). The Stablecoin Sandbox is another step following the legislative proposal to implement a new regulatory regime for stablecoin issuers.1 The Stablecoin Sandbox will facilitate communications between the HKMA and interested stablecoin issuers to gauge the expected regulatory standards.
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Mar 13, 2024 | 
globalcompliancenews.com | Grace Fung |Karen H.Y. Man |Samantha Lai |Erin Cao
In briefOn 8 February 2024, the Financial Services and the Treasury Bureau of Hong Kong (FSTB) released a public consultation (“Consultation“) on legislative proposals to introduce a licensing regime (“Proposed Regime“) for providers of over-the-counter (OTC) trading services of virtual assets (VA). The Proposed Regime will be regulated by the Commissioner of Customs and Excise (CCE).
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Nov 14, 2023 | 
lexology.com | Karen H.Y. Man |Grace Fung |Samantha Lai |Aaron Dauber |Ruby Chan
In briefOn 2 November 2023, in support of financial institutions' growing interest in tokenising traditional financial instruments and distributing them to their clients, the Securities and Futures Commission (SFC) issued its Circular on intermediaries engaging in tokenised securities-related activities ("Tokenised Securities Circular") to provide clarity on regulatory expectations for intermediaries engaging in tokenised securities-related activities.
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Oct 22, 2023 | 
globalcompliancenews.com | Karen H.Y. Man
The financial services industry is undergoing sweeping changes driven by regulatory developments, rapidly advancing technology, ESG concerns and continued consolidation in the sector. The far-reaching impact of financial reforms, intricacies in their implementation, and conflicting regulations in different jurisdictions can expose businesses to increased regulatory risk.
