No permission, no problem – Hong Kong securities regulator given green light to bring proceedings directly against overseas defendants

Hong Kong's Court of Final Appeal allows the SFC to serve overseas defendants without court permission, enhancing enforcement against securities fraud impacting Hong Kong markets.

Hong Kong SFC issues circular on the use of generative AI language models

The Hong Kong SFC issues guidelines for licensed corporations on responsible use of generative AI language models, emphasizing risk management, compliance, and investor protection.

The Dual Licensing Regime for Virtual Asset Trading Platforms in Hong Kong – Part 3

This alert continues to explore Hong Kong's Dual Licensing Regime for Virtual Asset Trading Platforms, focusing on key compliance aspects, investor protections, and regulatory consequences under the VATP Guidelines.

Hong Kong Regulators Update Guidance for Intermediaries’ Virtual Asset-related Activities

On 20 October 2023, HKMA and SFC issued updated guidance for intermediaries on virtual asset activities, covering distribution, dealing, advisory, and asset management services to enhance regulatory clarity and investor protection.

ICMA Working Group to Develop Voluntary Code of Conduct for Hong Kong ESG Ratings

ICMA forms a working group with Bloomberg, Fidelity, and asset managers to create a voluntary code of conduct for Hong Kong ESG ratings and data providers, promoting best practices and transparency.

SFC and HKEX Release Joint Statement on Enhanced Time Frame for New Listing Application Process

The SFC and HKEX issued a joint statement enhancing the timeframe for new listing applications to improve transparency, efficiency, and Hong Kong's appeal as a premier international listing venue.

Key Regulatory Updates for Hong Kong Listed Companies - September/October 2024

Hong Kong regulators released an information paper on implementing an uncertificated securities market and a joint announcement enhancing the timeframe for new listing applications, improving market efficiency.

HKEx and SFC Cooperate in Enforcement Action Against Former Directors of Listed Company

HKEx and SFC jointly disciplined two former GEM-listed company directors for misappropriating funds during the listing process, highlighting enhanced regulatory coordination in Hong Kong.

JPEX Is Test Case for Hong Kong’s New Regulatory Regime for Virtual Asset Exchanges

Hong Kong regulators have initiated criminal enforcement against virtual asset platform JPEX, marking the first test of the city’s new crypto licensing regime and clarifying regulatory expectations.

Consultation Conclusions on Proposed Amendments to Enforcement-Related Provisions of Hong Kong's SFO

On 8 August 2023, Hong Kong's SFC published consultation conclusions on amendments to enforcement provisions of the Securities and Futures Ordinance, aiming to strengthen regulatory enforcement and investor protection.