Financial services risk and regulation - Regulatory updates newsletter (August 2020)

August 2020

The key updates in the August edition include:

  • COVID-19: Investor protection, extension of Trade Loans under the Pre-approved Principal Payment Holiday Scheme and prudential measures
  • Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) measures and financial sanctions
  • Basel Committee releases consultative documents on principles for operational risk and operational resilience
  • Simplified Arrangements for Sale and Distribution of Eligible Retail Bonds Issued by Government and Related Organisations
  • IA circular on sandbox application for the distribution of long term insurance policies via video conferencing tools
  • IA consults on the proposed Insurance (Group Capital) Rules and issues Circular on providing interpretation notes relating to GL 28
  • LIBOR Reform Updates

We have summarised the details of these key updates in this newsletter.

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Emily Lam

Partner, PwC Hong Kong

Tel: +[852] 2289 1247

Adams Chan

Partner, PwC Hong Kong

Tel: +[852] 2289 2784

Ho Kee Fu

Partner, PwC Hong Kong

Tel: +[852] 2289 2721

Brian Yam

Partner, PwC Hong Kong

Tel: +[852] 2289 1689

Billy Wong

Hong Kong Insurance Leader, PwC Hong Kong

Tel: +[852] 2289 1259

Amy Yeung

Partner, PwC Hong Kong

Tel: +[852] 2289 1245

Ilka Vazquez

Partner, PwC Hong Kong

Tel: +[852] 2289 6565

Ian Farrar

Mainland China and Hong Kong Corporate Treasury Leader, PwC Hong Kong

Tel: +[852] 2289 2313

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