Deacons’ Post

🚀 Exciting news! The new phase of the paperless regime at HKEX is on the horizon. Curious to learn more? Check out this article for all the details! #HKEX #Paperless #Sustainability #Finance #Innovation

Exciting developments in the world of virtual assets! Hong Kong has announced plans to regulate over-the-counter (#OTC) virtual asset trading, marking a significant step towards creating a more transparent and secure environment for investors. The proposed regulatory framework includes stringent measures aimed at curbing fraudulent activities and enhancing investor protection. With penalties of up to two years in prison and hefty fines for operating without a license, the government is sending a clear message about the importance of compliance in this rapidly evolving space. From a theoretical standpoint, the move to regulate OTC virtual asset trading raises interesting questions about the role of government intervention in emerging financial markets. While proponents argue that regulation is necessary to safeguard against fraud and maintain market integrity, critics may raise concerns about the potential stifling effect on innovation and entrepreneurship. Nevertheless, the need for regulation is evident, especially in light of recent incidents such as the JPEX scandal, which underscore the risks associated with unregulated OTC venues. By bringing these services under the regulatory umbrella, policymakers aim to ensure consistency in oversight and provide greater assurance to investors. As the consultation process unfolds, stakeholders must actively engage to shape the regulatory landscape in a way that balances innovation with investor protection. By fostering a supportive environment for responsible innovation, Hong Kong can position itself as a leading hub for virtual asset trading while safeguarding against illicit activities and promoting market integrity. Stay tuned for further updates on this evolving regulatory landscape as Hong Kong navigates the complex intersection of technology, finance, and regulation. #VirtualAssets #Regulation #OTC #Finance #Innovation #InvestorProtection #MarketIntegrity"

https://lnkd.in/e5-QUMP7 and #HongKong! Get bill printed on A4 paper with #QRCode, go to 7-Eleven shop to pay #Cash your bill! #Digital #SupplyChain relies on #Analog! #ReversePyramid Very popular when Citi goes from Visa to Mastercard and ALL your #CreditCardAutopays for PCCW Media Group entities fail like dominoes.

#HKEX introducing #SevereWeatherTrading 🌪️🌊 effective September 2024 - Game-changer for market access By enabling remote trading capabilities, the market will remain open even during typhoons and rainstorms. ⚡🌧️ This underscores HKEX’s commitment to supporting resilience and competitiveness of Hong Kong as a financial hub. Check out our client update to learn more about this game-changing initiative: https://lnkd.in/ghZ9SAQf #TradingThroughStorms #MarketResilience

UK Government and FCA Set to Overhaul PRIIPs Regulation for Retail Investors ➡️ Read All : https://lnkd.in/eYNXPf8j The UK Government and the Financial Conduct Authority (FCA) are working to reform capital markets. They aim to help retail investors make informed investment choices.... [...] #UKFinanceReform #InvestmentRegulations #FCA #ConsumerProtection #InvestmentTrusts #Crypto #Legal #NBTC

What is an LEI Number? A LEI Number, or Legal Entity Identifier Number, is a unique identification code assigned to legal entities engaging in financial transactions. It is used to provide transparency and traceability in global financial markets by uniquely identifying parties to financial transactions. LEI numbers are standardized across the world and are required for entities participating in certain financial transactions, such as trading in securities or derivatives. By using LEI numbers, regulators and market participants can better monitor and manage risks, enhance market integrity, and improve the efficiency of financial reporting and compliance processes. 🌐💼🔍 Learn more at the International Trade Council. Become part of our vibrant community https://lnkd.in/gVvQ5tb #InternationalTradeCouncil #SupplyChainTransparency #Manufacturing #Logistics #LEINumber #FinancialTransparency #GlobalMarkets

☕ Start Your Week with Blue Concept Asia’s Newsletter 🌍 Enjoy a fresh cup of coffee while reading the latest updates from Hong Kong in our weekly newsletter. Stay informed about wealth management trends and market insights. Stay connected and enjoy the read. 🌐 #BlueConceptAsia #WeeklyNewsletter #WealthManagement #HongKong

In the 9th issue of our HKCRP newsletter, we highlight the importance of Hong Kong-listed companies and their directors adhering to regulatory guidance on corporate transactions. The Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (HKEx) have raised concerns about cases where transaction terms may not be fair and reasonable to the listed companies and their shareholders as a whole. Key guidelines include the SFC's 2017 guidance note and the SFC's 2019 statement, which outlines directors' duties when considering corporate transactions, whilst the 2023 HKEx guidance letter stresses the need for conducting transparent business valuations and adequately disclosing the basis for transaction consideration. Non-compliance may lead to regulatory enforcement actions. To mitigate risks, listed companies are encouraged to seek professional advice before conducting corporate transactions. Peter Po Kwong Yuen Christina Fu Howard Chan

Listing Rules Foundation Course – Session Three: Chapter 14A - Connected Transactions Directors, senior management, and governance professionals, don't miss out on this essential session to ensure compliance and stay informed on the topic of ‘Chapter 14A - Connected Transactions’ of Hong Kong Exchanges and Clearing Limited (HKEX) Listing Rules. It is a valuable opportunity to enhance your understanding and stay up-to-date with the regulatory requirements. Speakers from HKEX, Stephenie Fung, Ashley Chan will explain with practical case studies covering topics on: • Who are connected persons • What are connected transactions • Specific requirements for continuing connected transactions • Measures for identifying and monitoring the transactions • Applicable compliance requirements • Aggregation and alternative size tests Venus Lo from HKEX and legal and governance professional practitioners Tom CHAU, Cindy Kwong and Frank Yuen will share their insights in a panel discussion. Register now:  Physical: https://lnkd.in/g4JJWyU5  Online: https://lnkd.in/gmzxBNbd #HongKongListing #HKCGI #ComplianceTraining #CorporateGovernance #ListingRules

📣 🗞️ It's in the news! As regulators seek to improve the legal framework for retail investment, concerns are being raised about potential limitations on investor choice and market innovation. Marilyn Rinck, Financial Markets Adviser at the ABBL, stresses the importance of fair value propositions. She warns against potentially limiting choice for private investors: "If we go in the direction proposed, the private investor will have an extremely limited choice of products." As regards a total ban on retrocessions, there is a real risk of disruption to the distribution of financial products. Gilles Pierre, Head of Banking Regulation & Financial Markets at the ABBL, warns: "If we ban retrocessions completely, the whole distribution chain will seize up." The intensifying discussions in the European Parliament underline the need for a balanced approach, between protecting investors and promoting a dynamic investment landscape. 👉 Read the article in the Paperjam: https://lnkd.in/ee4QxX-3 #RetailInvestmentStrategy #RetailInvestment