Circulars

We publish circulars from time to time to remind industry participants of regulatory requirements and help them understand regulatory issues.

Circulars related to anti-money laundering and counter-financing of terrorism are listed separately here.

Circulars are listed by year in the tables below, which are sortable by date and publication title. Circulars issued after July 2012 are available in HTML format as well as a printer-friendly PDF version. Earlier circulars are available in PDF only.

Issue Date Publication Category
16 Sep 2019 Circular on Mutual Recognition of Funds (MRF) between Switzerland and Hong Kong
Annex A
Product authorization
6 Sep 2019 Circular to Licensed Corporations and Associated Entities - Anti-Money Laundering / Counter-Financing of Terrorism
Publication of Hong Kong's Mutual Evaluation Report by FATF
Intermediaries supervision
2 Sep 2019 Circular to Licensed Corporations in relation to the reporting of OTC derivatives transactions to the HKMA trade repository – Revised Technical Specifications
Announcement from HKMA
Market infrastructure & trading
30 Aug 2019 Circular to Licensed Corporations
Launch of Key Risk Indicator Platform
Intermediaries supervision
23 Aug 2019 Circular to licensed corporations
Managing the liquidity risk of funds

Appendix
Intermediaries supervision
31 Jul 2019 Circular to licensed corporations
Data Standards for Order Life Cycles

Appendix
Intermediaries supervision
8 Jul 2019 Circular to Intermediaries
New measure to protect client assets

Acknowledgment Letter Template for Trust or Client Accounts opened with Banks holding Client Assets (pdf version)
Acknowledgment Letter Template for Trust or Client Accounts opened with Banks holding Client Assets (word version)
Intermediaries supervision
28 Jun 2019 Circular to intermediaries
Remote onboarding of overseas individual clients
Intermediaries supervision
28 Jun 2019 Circular to intermediaries
Amendments to paragraph 5.1 of the Code of Conduct

Appendix
Intermediaries supervision
17 Jun 2019 Circular to Licensed Corporations - Foreign exchange margin trading on the Mainland and other activities not regulated by the SFC Intermediaries supervision
13 Jun 2019 Circular to Intermediaries - Implementation of regulatory requirements for online and offline sale of complex products
Appendix
Intermediaries supervision
10 Jun 2019 Circular to intermediaries
Prime services and related equity derivatives activities

Report on the Thematic Review of Prime Services and Related Equity Derivatives Activities in Hong Kong
Annex
Intermediaries supervision
28 May 2019 Circular to credit rating agencies
Credit rating model risk management
Intermediaries supervision
21 May 2019 Mutual Recognition of Funds (MRF) between the United Kingdom (UK) and Hong Kong
Annex A - B
Product authorization
17 May 2019 Circular to licensed corporations
List of comparable OTCD jurisdictions

Annex
Intermediaries supervision
15 May 2019 Mutual Recognition of Funds (MRF) between the Netherlands and Hong Kong
Annex A - B
Product authorization
14 May 2019 Circular to licensed corporations
Recent inspection findings related to client facilitation
Intermediaries supervision
10 May 2019 Circular to intermediaries
Online submission of Paragraph 12.5 Notifications
Intermediaries supervision
9 May 2019 Circular to Licensed Corporations which are Participants of The Stock Exchange of Hong Kong Limited or Hong Kong Futures Exchange Limited
– Licence Holders Insurance Scheme for Exchange Participants
Licensing
24 Apr 2019 HKMA and SFC adopt a coordinated approach to supervise banks and licensed corporations Intermediaries supervision

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