Compliance
Compliance Corner: Hong Kong's SFC, Quarantine Policy

The latest compliance news: regulatory developments, punishments, guidance, permissions and new product and service offerings.
Hong Kong’s government is offering to exempt fully-vaccinated
bankers from the city’s compulsory quarantine, easing the travel
restrictions to and from Asia’s financial hub as coronavirus
cases ebb, according to the South China Morning Post and
other media.
“Senior executives of licensed corporations or their overseas
affiliates, who are fully vaccinated and meet the eligibility
criteria, may apply for exemption from the compulsory quarantine
arrangements when they return or travel to Hong Kong,” the
jurisdiction’s Securities
and Futures Commission is quoted as saying in a circular
released late last week.
Senior executives – those with regional or global roles – of
SFC-licensed firms may apply for four trips per month: two for
visitors and two for returning executives. With immediate effect,
the exemptions are subject to full and timely disclosure of
travellers’ itineraries and strict adherence to movement and
accommodation restrictions, the circular said.
This move highlights how Hong Kong and other financial centres
are keen to ensure that COVID-19 controls hobble travel as little
as possible, and are consistent with health concerns.