PSD2 & 4AMLD, page-13

excellent news. I met John up here a fw years ago when he was meeting the SFC. HK just announced a regulatory 'sandbox', which allows approved FinTechs to try new methods of acting within regulations, that may not yet be approved (Singapore announced the same a year ago).

John always said the 'low hanging fruit' was in Europe, but to me, HK is a goldmine for this. Opening financial accounts up here is so stifled by regulation that it is absurd.

If John can get the message across to the right people this technology can allow access to Mainland Chinese into HK based firms - and that is enormous.