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    Hong Kong Regulatory Compliance Updates

    Hong Kong

    The HKMA released an updated version of the Return of Certificate of Compliance (MA(BS)1F(a), MA(BS)1F(b), and MA(BS)28).

    On September 26, 2024, the HKMA released an updated version of the Return of Certificate of Compliance (MA(BS)1F(a) & MA(BS)1F(b)) along with new completion instructions for MA(BS)1F(a), and the Return of Large Exposures (MA(BS)28) along with new completion instructions. These updates are primarily to implement the Banking (Exposure Limits) (Amendment) Rules 2023 (BELAR), which are set to take effect on January 1, 2025. Reporting institutions should submit the revised banking returns, based on the new instructions, to the HKMA via the STET system, starting from the reporting position as of March 31, 2025.

    Regulator Web Page

    Overview: Market misconduct is covered under Part XIII, Market Misconduct Tribunal, and Part XIV, Offences Relating to Dealings in Securities and Futures Contracts, of the Ordinance. 

    Part XIII: 

    • Section 270: Insider dealing  
    • Section 274: False trading 
    • Section 275: Price rigging 
    • Section 276: Disclosure of information about prohibited transactions 
    • Section 277: Disclosure of false or misleading information inducing transactions 
    • Section 278: Stock market manipulation, including attempting to engage in, or assisting, counselling or procuring another person to engage in, any of the conduct 

    Part XIV: 

    • Sections 285-307ZA: Insider dealing 
    • Section 291: Offence of Insider Dealing (i.e., prohibition) 

    Resources & Insights

    Nasdaq Crypto Regulation Guide: APAC

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    Nasdaq’s comprehensive and updated Cryptocurrency Regulation Guide APAC provides a snapshot of recent recommendations from international regulatory and standards-setting bodies as well as key developments in Asia-Pacific.

    Hong Kong SFC VATP License Checklist

    Hong Kong SFC VATP License Checklist

    The Hong Kong Securities and Futures Commission (SFC) has laid out guidance for digital asset platforms looking to operate within the region.

    Discover the importance of preventing market manipulative and abusive activities, including the necessary internal policies, controls, and requirements for a market surveillance system.

    Hong Kong Virtual Asset Buyer's Guide

    Hong Kong Virtual Asset Buyer's Guide

    The Hong Kong Securities and Futures Commission (SFC) has provided guidance for digital asset platforms seeking to operate in the region. To be approved, these platforms must now implement appropriate technology and processes to ensure their readiness.

    Learn how to assess your requirements and consider the necessary steps when selecting the best crypto surveillance solution for your organization.