From 23 September 2024, Hong Kong’s securities and derivatives markets will remain open during severe weather conditions (where a typhoon signal No. 8 or above or a black rainstorm warning is issued by the Hong Kong Observatory). The Securities and Futures Commission of Hong Kong (SFC) published a Circular on 18 June 2024
After months of speculation, the Bank of Thailand (BOT) has published its official Ministerial Notification on Guidance, Procedures, and Conditions for applying for a Licence for Virtual Bank (Virtual Bank Notification) on 4 March 2024. The Virtual Bank Notification sets out provisions regarding terms, conditions and material requirements necessary to obtain
The Ministry of Commerce of Thailand has launched a public hearing in relation to draft ministerial regulations (the Draft Regulations) specifying business activities which will be exempt from the requirement to obtain a Foreign Business License (FBL) under Thailand’s Foreign Business Act B.E. 2542 (1999) (as amended) (FBA).
Under the
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 Etelka Bogardi from our Hong Kong office discusses recent regulatory developments including derivatives reporting, the e-HKD Pilot Programme and Hong Kong Green Week
Background
February was an important month in Hong Kong’s journey towards regulating the digital asset ecosystem and positioning itself as a leading innovation hub.
On 20 February 2024, the Hong Kong Monetary Authority (HKMA) published comprehensive guidance on the provision of digital asset custody services (Custodial Services Circular) and the sale
On 8 February 2023, the Financial Services and the Treasury Bureau (FSTB) launched a consultation on legislative proposals to introduce a licensing regime to regulate providers of over the counter (OTC) trading services for virtual assets (VAs) (the Consultation). The proposed licensing regime will be introduced by amending
Background
On 22 December 2023, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) issued an updated joint circular on intermediaries’ virtual asset-related activities (Joint Circular) with appendices. The Joint Circular supersedes the previous joint circular of 20 October 2023 (October Joint
On 27 December 2023, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly issued a public consultation paper on their legislative proposal to regulate issuers of stablecoin.
The Hong Kong Government has decided that, in light of the important roles played by stablecoins in
In this latest episode of our EMEA regulatory insights series colleagues from Australia, Hong Kong, and Singapore provide their thoughts and insights on what 2024 holds from a financial services regulatory perspective.
The podcast can be found here.