Global Trustee and Fiduciary Services Bite-Sized Issue 5 2026

11 QUICK LINKS AI CRYPTOASSETS CYBER EMIR FINTECH FUND LIQUIDITY MICA SUSTAINABLE FINANCE/ESG T+1 ASIA PACIFIC EUROPE IRELAND NORTH AMERICA UNITED KINGDOM Global Trustee and Fiduciary Services Bite-Sized | Issue 5 | 2026 ASIA PACIFIC SFC Launches Official Rednote Account to Strengthen Public Outreach and Education On 29 April 2026, the Securities and Futures Commission (SFC) announced the launch of its official account on Rednote (also known as Xiaohongshu), further expanding its digital outreach to enhance communication with the public. The SFC says that through the Rednote platform, it will share key updates on its regulatory work as well as timely investor alerts, reaching a broader demographic of investors of the Hong Kong market. The SFC also says that this new channel will be an added tool to support its existing multi-faceted investor education efforts, which are increasingly critical given the rising complexity and volume of investment scam complaints reported to the SFC. Leveraging Rednote’s growing user base, the SFC states that it aims to convey key regulatory messages in an easily relatable manner. Specifically, to promote awareness against investment fraud, anti-scam content will feature “Shui Yu”, the centrepiece of the SFC’s “Don’t Be Sucker” publicity campaign, to remind investors to stay vigilant against “too-good-to-be-true” offers. Link to SFC Announcement here Exchange Publishes Conclusions on Proposed Enhancements to Structured Products Listing Framework On 20 April 2026, the Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), published the conclusions to its consultation on the Review of Chapter 15A – Structured Products (Consultation Conclusions). The Exchange received 28 responses from a broad range of respondents. All proposals received strong support from a majority of respondents. Having considered respondents’ views, the Exchange says that it will adopt the consultation proposals, with some modifications and clarifications as set out in the Consultation Conclusions. The Exchange says that the Listing Rule amendments will be implemented as follows: • The Listing Rule amendments relating to the following product requirements (Key Product Requirements) will come into effect on 1 May 2026: – Minimum issue price – The minimum issue price of derivative warrants will be lowered to $0.15 from $0.25. The minimum issue price requirements for callable bull bear contracts will be removed; – Minimummarket capitalisation – The minimummarket capitalisation at issuance for derivative warrants and callable bull bear contracts will be lowered to $6 million from $10 million; and – Emulation Issues – Emulation Issues must have product terms identical to existing issues other than issue price and issue size. • The remaining Listing Rule amendments will come into effect on 1 July 2026. Existing issuers and guarantors will be provided with a 12-month transitional period to comply with the new issuer eligibility requirements. The Exchange states that it will publish updated guidance to assist issuers’ compliance with the new requirements. Link to Consultation Conclusions here