Featured Product

    HKMA and SFC to Launch Survey on Sale of Non-Exchange Traded Products

    December 06, 2019

    HKMA and Securities and Futures Commission (SFC) announced plans to jointly launch the first annual survey on the sale of non-exchange traded investment products by licensed corporations and registered institutions licensed or registered for Type 1 or 4 regulated activity. The will cover the period from January 01 to December 31, 2020. The survey covers the sale of non-exchange traded investment products, such as collective investment schemes, debt securities, structured products, swaps, and repos, to individual professional investors, certain corporate professional investors, and investors other than professional investors. Entities are expected to submit completed questionnaires to SFC electronically through Web-based INteGrated Service (WINGS) in the first quarter of 2021.

    The survey will enable SFC and the HKMA to better understand market trends, identify risks associated with the selling activities of intermediaries, and coordinate their responses to address areas of common concern. The survey questionnaire will be available in Excel format in WINGS around mid-2020. The survey questionnaire includes three parts:

    • Part A (General information)—All intermediaries should complete Part A to provide their contact information and indicate whether they sold any non-exchange traded investment products during the reporting period.
    • Part B (Information on the sale of non-exchange traded investment products)—Intermediaries which sold non-exchange traded investment products during the reporting period should complete Part B to provide an overview of their selling activities, such as the transaction amount by types of investment products, top issuers of investment products sold, and clientele
    • Part C (Supplementary information about the sale of non-exchange traded investment products)—Licensed corporations  with total transaction amounts of HKD 1 billion or above and institutions with total transaction amounts of HKD 30 billion or above during the reporting period should also complete Part C, which collects information such as the transaction amount of investment products by types of investors and details of the top five investment products sold.

    Following the launch of the survey, the biennial surveys by the SFC will no longer be carried out. HKMA will also review its survey on the sale of investment products to retail banking customers and communicate with institutions separately where appropriate. HKMA and SFC will issue another circular in late 2020 providing further information about submitting the questionnaires.

    Keywords: Asia Pacific, Hong Kong, Banking, Securities, Survey, Non-Exchange Traded Instruments, Swaps, Structured Products, HKMA

    Related Articles
    News

    BIS Paper Studies Impact of Fintech Lending on Small Businesses in US

    The Bank for International Settlements (BIS) published a paper that studies impact of fintech lending on credit access for small businesses in U.S.

    September 26, 2022 WebPage Regulatory News
    News

    UK Regulators Issue CRR Changes and Stress Test Scenarios for Banks

    The Prudential Regulation Authority (PRA) issued the policy statement PS8/22 to amend the Own Funds and Eligible Liabilities (CRR) Part of the PRA Rulebook and update the supervisory statement SS7/13 titled "Definition of capital (CRR firms).

    September 26, 2022 WebPage Regulatory News
    News

    EBA Launches EU-Wide Transparency Exercise in 2022

    The European Banking Authority (EBA) launched the EU-wide transparency exercise for 2022, with results of the exercise expected to be published at the beginning of December, along with the annual Risk Assessment Report.

    September 23, 2022 WebPage Regulatory News
    News

    SRB on CRR Quick-Fix to Policy for Multiple Point of Entry Banks

    The Single Resolution Board (SRB) welcomed the adoption of the review of the Capital Requirements Regulation, or CRR, also known as the "CRR quick-fix."

    September 22, 2022 WebPage Regulatory News
    News

    EC Rule Lists Advanced Economies for Market Risk Capital Calculations

    The European Commission (EC) recently adopted the Delegated Regulation 2022/1622, which sets out the regulatory technical standards to specify the countries that constitute advanced economies for the purpose of specifying risk-weights for the sensitivities to equity.

    September 21, 2022 WebPage Regulatory News
    News

    EBA Publishes Final Regulatory Standards on STS Securitizations

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.

    September 20, 2022 WebPage Regulatory News
    News

    ECB Further Reviews Costs and Benefits Associated with IReF

    The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.

    September 15, 2022 WebPage Regulatory News
    News

    EBA Publishes Funding Plans Report, Receives EMAS Certification

    The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).

    September 15, 2022 WebPage Regulatory News
    News

    MAS Launches SaaS Solution to Simplify Listed Entity ESG Disclosures

    The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.

    September 15, 2022 WebPage Regulatory News
    News

    BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules

    The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.

    September 15, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8521