Securities law won’t be amended until October; firms asked to contact regulators if they cannot meet 1 July deadline.
Five of 8 APAC jurisdictions covered in report have yet to legislate for Pillar 3 disclosure requirements.
Deputy chief executive acknowledges heightened due diligence on account opening has harmed Hong Kong’s reputation.
Other new initiatives cover equity/commodity licensing unification; mutual fund purchases via e-wallet.
Regulatory hurdles in Ant Financial and MoneyGram deal may affect fintech development.
Regulators encourage mutual support and cooperation as industry players eye billions in cost savings.
Panellists at OTC Derivatives Summit Asia eye the next phase of regulation.
More immediate regulatory issues are taking precedent, but trading book review still warrants attention.
Mooted revival of 1933 legislation is hopelessly hoping for a return to the way we were.
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