UK proposed legislation, HSBC and Standard Chartered are temporarily unable to participate

SighingCashier · 2026-03-30T19:00:47+00:00

Executive Director of the SFC, Leung Chung-yin, stated that currently, UK companies are unable to participate in paperless securities and must wait for local legislation to be amended. He mentioned that they have previously communicated with UK regulators and the Treasury Department, and have obtained a principle agreement to revise relevant regulations simultaneously to support Hong Kong's paperless market.

SighingCashier

2026-03-30 19:00:47

Abstract generation in progress

March 31, 2026

In wait for amendments: HSBC and Standard Chartered have not yet been able to participate

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The Executive Director of the Securities and Futures Commission’s Market Surveillance Division, Leung Chung-yin, said that at present, UK companies have not yet been able to participate in securities paperless trading because local law needs to be amended to support it. He said that in the past he communicated with the UK regulators and the Ministry of Finance, and proposed that since the other party is revising the relevant laws on digitization, it could also amend the relevant laws for Hong Kong’s paperless market. He said the other party has indicated agreement in principle. Leung Chung-yin said one of the Securities and Futures Commission’s duties is to ensure that the laws in different places of incorporation allow listed companies to implement securities …

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