Regulatory Alerts2024-01-24
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Amendments to Implementation Arrangements for the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area
The Hong Kong Monetary Authority issued amendments to the Implementation Arrangements for the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area on 24 January 2024. These updates revise the regulatory requirements for both the Southbound and Northbound schemes to ensure continued alignment with the pilot's operational framework. The document also includes an updated Appendix of Frequently Asked Questions to clarify regulatory expectations for participating institutions.
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