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Hong Kong: Authorised institutions to implement the new Mandatory Reference Checking Scheme by May 2023

On 5 May 2022, the Hong Kong Monetary Authority (HKMA) announced its endorsement of the Guidelines on the Mandatory Reference Checking Scheme…

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Form F-3 CHINA NATURAL RESOURCES

Form F-3 CHINA NATURAL RESOURCES
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In review: key regulatory issues for asset managers in Hong Kong

A general overview of the most noteworthy features of the regulatory framework governing asset management activities in Hong Kong.

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Hong Kong: Offsetting Mechanism Against Severance Payment Scrapped

Hong Kong: Offsetting Mechanism Against Severance Payment Scrapped
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Hong Kong Finally Passes Bill Abolishing Offsetting Mechanism of the Mandatory Provident Fund Scheme | Perspectives & Events

After years of discussion, the Hong Kong Legislative Council finally passed the Employment & Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 on 9 June 2022 that will eventually abolish the statutory right of an employer to reduce its long service pay or severance pa.

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