Financial services risk and regulation - Regulatory Updates Newsletter (June 2022)

The key updates in the June edition include:

HKMA Circular on Final Report on Focused Review on Incentive Systems of Front Offices in Retail Banks
HKMA Issued New SPM TB-1 on Regulation and Supervision of Trust Business
HKMA Issued New SPM OR-2 on Operational Resilience and Revised SPM TM-G-2 on Business Continuity Planning
SFC Consultation Paper on Proposed Amendments to Enforcement-related Provisions of the SFO
Other Regulatory Updates

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

This publication was jointly published by PwC and Tiang & Partners.

Tiang & Partners is an independent Hong Kong law firm that closely collaborates with the global PwC network.

For a deeper discussion, please contact Gaven Cheong at Tiang & Partners, or PwC contacts listed below.