HKMA

5 briefs · 1 new

SFC issues binding guidance requiring securities issuers to amend terms of issue for uncertificated securities regime

Hong Kong securities issuers must amend their articles of association and appoint an approved securities registrar before the uncertificated securities regime binds them.

HKMA directs Authorized Institutions to review de-risking policies and offer basic banking to higher-risk individuals

Hong Kong retail banks must review and revise de-risking policies to provide basic banking to higher-risk individuals case-by-case, not refuse them outright

HKMA updates digital-asset custody standards for Authorized Institutions — Hong Kong key storage and 98% cold storage of client VAs

Authorized Institutions offering digital-asset custody in Hong Kong must keep keys onshore and 98% of client VAs in cold storage

HKMA and SFC ease investor-protection rules for Registered Institutions' stablecoin-only services

Hong Kong RIs running stablecoin-only services no longer face the VA-knowledge test, high-liquidity rule or PI-only restriction.

HKMA sets investment-account controls for registered institutions

Registered institutions must tighten investment-account onboarding and dormant-account controls