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Hong Kong’s competition law now in force – Tips for financial institutions

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作者/编者: Neil Carabine, Richard Mazzochi, Urszula McCormack, James Wilkinson. 作者单位: 金杜律师事务所
学科分类: 经济法学 类型分类: 综合
创作年代: 2015 所属机构: 金杜律师事务所
出处/来源: 金杜律师事务所 文献语种: 英文
发布时间: 2021-02-23 10:55:58
外部链接: https://www.kwm.com/en/hk/knowledge/insights/hks-competitio-law-now-in-force-tips-for-financial-institutions-20151218

摘要/简介Abstract

Hong Kong’s new competition law is now in effect and applies to all financial institutions in Hong Kong. Numerous financial institutions and payment systems participants have faced penalties by competition authorities overseas for anti-competitive conduct, and similar fines may now be imposed in Hong Kong. It is therefore vital that financial institutions ensure their compliance programs, internal reviews and leniency strategies contemplate Hong Kong where appropriate. Hong Kong’s Competition Ordinance prohibits conduct that harms competition in Hong Kong. There are two key competition rules that apply to the financial sector, known as the First and Second Conduct Rules. This article provides an outline of the new Hong Kong competition rules and compliance tips for financial institutions.

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