The Compliance Bulletin released by the Exchange serves as a reminder to participants of their obligations to comply with applicable rules and regulations in four key areas: (1) Restricting Mainland Investors from Northbound Trading under Stock Connect, (2) HKIDR, (3) Stock Connect NB BCAN requirements, and (4) the 2023 Self-attestation of Compliance Questionnaire. The Bulletin provides specific details and reminders of the applicable rules and regulations related to each area. Participants are advised to review their current setup and implement appropriate measures to strengthen their controls to ensure compliance. The Exchange has observed misunderstandings and deficiencies in relation to the NB BCAN requirements during a recent inspection, and Clearing Participants are reminded of their responsibilities to submit 2023 Self-attestation of Compliance Questionnaire and an updated shareholding information. Participants are strongly advised to report any identified non-compliance incidents to the Exchange as soon as possible.
Resource:
