Hong Kong SFC, Quarantine Policy
The latest news on compliance: regulatory changes, penalties, advice, authorizations and new product and service offers.
The Hong Kong government proposes to exempt fully vaccinated bankers from the city’s mandatory quarantine, easing travel restrictions to and from the Asian financial hub as coronavirus cases decline, according to the Pos. In the morning from southern Chinat and other media.
“Senior executives of licensed companies or their overseas subsidiaries, who are fully vaccinated and meet the eligibility criteria, may apply for an exemption from the mandatory quarantine provisions when they return or visit Hong Kong,” a the Securities and Futures Commission declared the jurisdiction. in a circular issued at the end of last week.
Senior executives – those with regional or global roles – of SFC accredited companies can request four trips per month: two for visitors and two for returning executives. With immediate effect, exemptions are subject to full and timely disclosure of travelers’ routes and strict adherence to movement and accommodation restrictions, the circular said.
The move shows how much Hong Kong and other financial centers are committed to ensuring that COVID-19 controls hobble travel as little as possible and is compatible with health concerns.