Events listed in Securities and Futures Ordinance

SFC publishes quick reference guides for licensing requirements

ID 22436
On March 22, 2023, the Securities and Futures Commission of Hong Kong, SFC, published a press statement to announce that it has issued a set of so-called quick reference guides for family offices, private equity firms, hedge fund managers, overseas persons / firms engaged in regulated activities in Hong Kong, and China Mainland persons / firms conducting activities in Hong Kong. The guides which ...

FAQs – Licensing: Competence requirements for individuals

ID 22394
The Securities and Futures Commission, SFC, has published an updated version of its frequently asked questions (FAQs) on the competence requirements of individuals for licensing purposes. The FAQs clarify numerous issues around these requirements, ranging from the Commission’s understanding of „management experience“, to an applicant’s (or registrant’s) obligations regarding the participation in „Continuous Professional Training (CPT)“ ...
Asset Management
consultation

Joint consultation on changes to the OTC derivative Clearing Rules

ID 22227
In view of the global benchmark rate reform and the transitioning away from inter-bank offered rates (IBORs) to alternative reference rates (ARRs), the Securities and Futures Commission of Hong Kong (SFC) and the Hong Kong Monetary Authority (HKMA) have launched a joint consultation on proposed revisions to the [*Securities and Futures (OTC Derivative Transactions – Clearing and Record Keeping Obligations and Designation of Central ...

Circular to Licensed Corporations Updated Frequently Asked Questions (FAQs) on OTC ...

ID 22139
The Securities and Futures Commission of Hong Kong, SFC, has published a circular addressed at licensed corporations in connection with the Commission’s frequently asked questions (FAQs) on OTC Derivatives Clearing Requirements. Specifically, the Commission informs that it has modified these FAQs to reflect the addition of new calculation periods for the determination of the central clearing requirement. Please see EventID 19839 in this context ...

FAQs – OTC derivatives regime: FAQs on the operation and implementation of ...

ID 22134
The Securities and Futures Commission of Hong Kong (SFC) has published a new version of its frequently asked questions (FAQs) on the Implementation and Operation of the Mandatory Clearing Regime. They are intended to „help market participants better understand their obligations and responsibilities under the Clearing Rules“ and help them comply with the regime. Generally speaking, the FAQ cover issues such as who is ...
Asset Management
regulation

Securities and Futures (OTC Derivative Transactions—Clearing and Record Keeping ...

ID 22089
A newly updated version of the Securities and Futures (OTC Derivative Transactions—Clearing and Record Keeping Obligations and Designation of Central Counterparties) Rules was published on Hong Kong’s e-Legislation platform, the official website of the Department of Justice for publicizing legal documents. The rules which specify the clearing and record keeping obligations with respect to transactions in OTC derivatives were revised following the publication of ...

Circular to Licensed Corporations in relation to list of prescribed persons who ...

ID 22060
The Securities and Futures Commission of Hong Kong, SFC, has issued a circular informing about an updated list of firms which have reached their „clearing threshold under the clearing and record keeping rules for the OTC derivatives regime“ and which are subsequently subject to central clearing requirements.
Asset Management
consultation

SFC consults on proposals to regulate virtual asset trading platforms

ID 21960
In view of the upcoming new licensing regime for virtual asset service providers (VASPs) under the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 on June 1, 2023, the Hong Kong Securities and Futures Commission (SFC) has launched a new consultation as regards further wide-ranging regulations relating to virtual asset trading platforms (VATPs) that are trading non-security tokens. As these platforms may pose ...

Circular to Licensed Corporations Engaged in Asset and Wealth Management Activities ...

ID 21941
The Securities and Futures Commission of Hong Kong (SFC) has published a circular to announce the launch of its Asset and Wealth Management Activities Survey 2022 (AWMAS). It is particularly addressed at asset management firms providing the following services: fund advising, fund and portfolio management, private banking, or any other type of private wealth management. The survey covers the business year 2022 and must ...

Information Checklist for Termination of a Private OFC or Privately Offered ...

ID 21618
The Securities and Futures Commission of Hong Kong, SFC, has published a revised version of its Checklist for Termination of a Private OFC or Privately Offered Sub-fund under Chapter 10 of the Code on Open-ended Fund Companies. The checklist must be submitted to the SFC when filing an application for the termination of a private open-ended fund company or a privately offered sub-fund of ...
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