Events listed in Securities and Futures Ordinance
FAQs – Licensing: Insurance requirements applicable to certain licensed ...
ID 23048
The Securities and Futures Commission of Hong Kong (SFC) has published revised frequently asked questions (FAQs) regarding the license holders insurance scheme. The scheme provides mandatory insurance to license holders type 1 (dealing in securities) and 2 (dealing in futures contracts) which participate in the Stock Exchange of Hong Kong Limited or the Hong Kong Futures Exchange Limited, respectively. The FAQs currently address the ...
Circular to Licensed Corporations which are Participants of The Stock Exchange of ...
ID 23041
The Securities and Futures Commission of Hong Kong (SFC) has issued a circular providing information on the arrangements of the license holders insurance scheme applicable for the scheme year from April 1, 2023 to March 31, 2024 (both dates inclusive). The scheme applies to corporations which are licensed under the Securities and Futures Ordinance and which fall into one of the following two categories: ...
Consultation on annual update to Financial Services Providers list under OTC ...
ID 22909
On April 21, 2023, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) issued a joint consultation paper „on the annual update to the list of Financial Services Providers under the clearing obligation for over-the-counter derivative transactions“. Therein, the two government agencies seek comment on the inclusion of one additional entity (Santander US Capital Markets LLC) which meets the criteria ...
FAQs – Publicly offered investment products: Presentation Materials on ...
ID 22908
On April 21, 2023, the Securities and Futures Commission (SFC) published revised guidelines in form of a presentation about open-end fund companies. The presentation aims to provide basic information to market practitioners concerning the establishment of and all matters related to open-end funds (OF). It cover topics such as – regulatory authorities responsible for oversight (including regulations involved); – the corporate structure of an ...
Securities and Futures Ordinance (Cap. 571) (Version Date: 01/04/2023)
ID 22633
A new version of the Securities and Futures Ordinance was published on Hong Kong e-Legislation, the official platform of the Hong Kong government for publicizing legal documents. The new version contains amendments resulting from the coming into force of the AML and CFT (Amendment) Bill 2022. To recall, the new bill requires virtual asset service providers to meet fit and proper criteria in order ...
Circular to licensed corporations Data risk management
ID 22585
In view of the findings from a recent thematic review of data risk management practices of licensed corporations (LCs) (please see the enclosed findings report for more information), the Securities and Futures Commission has published a circular in this context. Therein, the Commission describes its expectations as regards such practices, including expectations pertaining to data collection, classification, usage, retention, transfer, and disposal. Before outlining ...
Circular to licensed corporations Management of operational and remote booking ...
ID 22574
In view of the findings from a recent thematic review of risk management practices of licensed corporations (LCs) as regards operational and remote booking risks arising from trading activities (please see the enclosed findings report for more information), the Securities and Futures Commission has published a circular in this context. Therein, **the Commission describes its expectations as regards such practices, including expectations pertaining to ...
SFC consults on proposed subsidiary legislation for implementing an uncertificated ...
ID 22486
In view of the upcoming introduction of an Uncertificated Securities Market (USM) regime under which investors will be able to hold securities in their own names (legal title), but yet without paper, the Securities and Futures Commission of Hong Kong, SFC, has launched a new consultation in this context. Specifically, the Commission seeks feedback on necessary amendments to subsidiary regulations and the implementation of ...
Circular to intermediaries, responsible officers and licensed representatives ...
ID 22482
The Securities and Futures Commission of Hong Kong, SFC, has issued a new circular addressed at intermediaries, responsible officers, and licensed representatives. Therein, the Commission informs that it will waive the annual licensing fee of intermediaries and licensed individuals for the time period April 1, 2023 to March 31, 2024. The waiver is valid for the licensing fee only and does NOT cover any ...
SFC concludes consultation on introduction of new regulated activity for ...
ID 22468
The Securities and Futures Commission of Hong Kong, SFC, has published a conclusion paper regarding its consultation on a „Proposed Amendments to Subsidiary Legislation and SFC Codes and Guidelines to Implement the Regulatory Regime for Depositaries of SFC-authorised Collective Investment Schemes“. To recall, on September 27, 2019, a consultation was launched by the Commission on a proposed new regulatory regime for depositories of SFC-authorized ...