The Securities and Futures Commission of Hong Kong (SFC) has published a new General Notice (G.N. 1129 / 2023) to finally bring into force the new Hong Kong Investor Identification Regime (HKIDR) on March 20, 2023 and the new Over-the-counter Securities Transactions Reporting Regime (OTCR) on September 25, 2023.
Under the investor identification regime, licensed corporations and registered institutions are required to submit to the Stock Exchange of Hong Kong Limited (SEHK) the names and identity information of clients placing securities orders on the Hong Kong Stock Exchange. Under the OTC-reporting regime, Information on OTC securities transactions in ordinary shares and real estate investment trusts listed on the Exchange must be reported to the SFC by licensed corporations and registered institutions.
The General Notice also outlines the corresponding provisions that are inserted into the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission, namely
Part 5.6 – Investor identification — on-exchange orders and off-exchange trades reportable to the SEHK
Part 5.7 – Reporting of OTC securities transactions.
Other Features
AML
CDD/ KYC
CFT
CIS
compliance
data protection
disclosure
fund management
investment firms
OTC derivatives
reporting
securities trading
trading
transparency
Date Published: 2023-02-24
Date Taking Effect: 2023-03-20
Regulatory Framework: Hong Kong Investor Identification Regime (HKIDR), Over-the-counter Securities Transactions Reporting Regime (OTCR)
Regulatory Type: regulation
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