Month: January 2022

US CFTC Issues Further Technical No-Action Relief and Guidance for LIBOR Transition

On December 22, 2021, in response to a request from the Alternative Reference Rate Committee (ARRC) and a further request from the Futures Industry Association (FIA), the United States Commodity Futures Trading Commission (CFTC) issued five technical no-action letters providing additional, and extending existing, time-limited, no-action relief and guidance for certain London Interbank Offered Rate (LIBOR) transition matters.

The Hong Kong Vaccine Bubble for the Catering Business – At A Glance (Updated on 6 January 2022)

Social distancing rules have been tightened from 7 to 20 January 2022. For catering businesses (excluding bars and pubs which will be closed), with the abolition of Mode A, there will now be only three modes of operation in which they can operate dine-in services, all of which require the customers (except for certain exempted individuals) to use the LeaveHomeSafe (LHS) mobile application before entering the premises.