On 21 October 2024, the Committee on Payments and Market Infrastructure (CPMI) issued a report on tokenisation.
The purpose of this report is to describe ways that tokenisation may affect the functioning of regulated financial markets. It critically analyses opportunities, challenges and risks, and identifies the most relevant implications for central banks and
On 15 October 2024, the Committee on Payments and Market Infrastructures (CPMI) issued the following reports which offer insights into enhancing cross-border payments by facilitating the interlinking and interoperability of payment systems:
In our EMEA regulatory insights series colleagues from our EMEA offices provide an update on some of the key regulatory issues they are seeing in their local market.
In this latest episode Agnieszka Braciszewska and Marta Kawecka from our Warsaw office discusses Poland’s implementation of MiCAR.
Listen to the podcast here.
In the latest instalment of our Regulation Around the World series, Financial Services partners in 15 jurisdictions cover recent developments concerning anti-money laundering.
Our global updater is accompanied by further analysis and insights in our Regulation Around the World podcast which is available now to stream and download. The podcast features speakers from the
On 9 October 2024, the Securities and Futures Commission (SFC) issued a circular (the Circular) stating its intention to place greater emphasis on the supervision of asset management firms and reminding personnel of their regulatory obligations, after it identified various deficiencies and substandard conduct in respect of the management of private
From 2 October 2024, trustees and custodians of collective investment schemes (CIS) operating in Hong Kong and authorised by the Securities and Futures Commission (SFC) for retail distribution must be licenced or registered to carry on the new Type 13 regulated activity (RA13) of “providing depository services for
In a move to facilitate the international standardization and harmonization of data elements in line with the Group of 20’s over-the-counter (OTC) derivatives market reform, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) (together, the Regulators) jointly published, following a two-month consultation from
On 25 September 2024, following a public consultation, the Financial Services and the Treasury Bureau (FSTB) published consultation conclusions and legislative proposals aimed at promoting paperless communication for Hong Kong companies. The final proposals largely mirror those in the original consultation paper and a draft amendment bill (Amendment Bill) to the
In summer 2024, the Prudential Regulation Authority (PRA) published a Consultation Paper, CP11/24, on International firms: Updates to Supervisory Statement (SS5/21) and branch reporting. CP11/24 is key to understanding the booking models that the PRA will accept and reflects the debates which the branches of European banks have had in
On 28 August 2024, the Hong Kong Monetary Authority (HKMA) launched the Project Ensemble Sandbox (Sandbox) to explore asset tokenisation use cases and the settlement of tokenised asset transactions. The Sandbox is a crucial component of Project Ensemble, which launched in March 2024, to explore new financial market infrastructure (FMI