Regulators encourage mutual support and cooperation as industry players eye billions in cost savings.
July deadline looming large over financial institutions and their service providers.
Rather than starting a third board, HKEX should explore creative ideas for private placements.
Securities law won’t be amended until October; firms asked to contact regulators if they cannot meet 1 July deadline.
Deputy chief executive acknowledges heightened due diligence on account opening has harmed Hong Kong’s reputation.
Development follows on from January warning on DDOS hacks and blackmail.
Regulator to consider BCBS guidelines, introduce ‘relevant policy proposals’.
Firm said to have inadequate PEP identification procedures for more than three years.
SFC publishes revised reporting forms for licensed corporations just over two weeks from start of new regime.
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