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.
Enforcement the major order of the year for Hong Kong regulators.
One unit advised on futures contracts for more than 10 years without the required license.
OTC Clear can also accept some types of non-cash collateral.
Zhongtai International breached AML/CTF Ordinance, Code of Conduct and SFC guidance.
Firm breached 3 regulations including SFC Code of Conduct.
All authorised funds must now disclose ongoing charges, past performance.
Banks should set up or expand board-level committees to tackle the issue.
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