The Hong Kong Competition Authority and the Securities and Futures Commission sign a memorandum of understanding to enhance collaboration and the exchange of information on competition issues in the securities and futures industry

On 28 April 2020, the Hong Kong Competition Commission (HKCC) and the Securities and Futures Commission (SFC) announced that they had signed a memorandum of understanding (MoU) to enhance collaboration and exchange of information, particularly in respect of competition issues in the securities and futures industry. The existence of this MoU means that, where a business is subject to scrutiny by the SFC, this may also lead to scrutiny by the HKCC, and vice versa. It also means that, when addressing compliance issues, it is now more important than ever for a financial institution or listed company to consider conduct from a broad perspective which takes into account both competition law and financial regulatory requirements, as well as the best approach to engagement with the

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Authors

  • Herbert Smith Freehills (Hong Kong)
  • Reed Smith (Hong Kong)
  • Herbert Smith Freehills (Hong Kong)
  • Herbert Smith Freehills (Hong Kong)

Quotation

William Hallatt, Hannah Cassidy, Frederick Good, Adelaide Luke, The Hong Kong Competition Authority and the Securities and Futures Commission sign a memorandum of understanding to enhance collaboration and the exchange of information on competition issues in the securities and futures industry, 28 April 2020, e-Competitions April 2020, Art. N° 94918

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