SFC Extends Deadlines for Implementing Regulatory Expectations and Reminds Intermediaries of Order Recording Requirements amidst COVID-19 Pandemic
1. COVID-19 Pandemic SFC Guidance
Hong Kong’s Securities and Futures Commission (SFC) issued a circular[1] on 31 March 2020 to Hong Kong-licensed intermediaries extending by six months the deadlines for the implementation of three regulatory expectations coming into effect in 2020. The SFC Circular also reminds intermediaries of the need to observe order recording requirements during the COVID-19 pandemic.