Events listed in [SFC] Securities and Futures Commission
The People’s Bank of China, Securities and Futures Commission and Hong Kong ...
ID 23138
In view of the upcoming launch of Northbound trading under SWAP Connect, which will provide mutual access between the Hong Kong and Mainland Chinese interest rate swap markets, the Securities and Futures Commission of Hong Kong, SFC, published a statement on May 5, 2023. Therein, **the regulator provides relevant details on the upcoming trading scheme, including information on the eligibility of investors, accommodated instruments, ...
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 ...
SFC welcomes Stock Exchange consultation on climate-related reporting requirements ...
ID 22779
The Securities and Futures Commission of Hong Kong, SFC, has published a statement confirming its strong support of the recently launched consultation of the Hong Kong Exchanges and Clearing Limited, short HKEX, on proposed modifications to the ESG disclosure requirements of listed issuers (please see EventID 20823 in this context for a detailed description of the consultation). According to the SFC, the consultation is ...
FAQs – Publicly offered investment products: Open-ended Fund Companies
ID 22734
The Securities and Futures Commission (SFC) has published revised frequently asked questions (FAQs) relating to Open-ended Fund Companies (OFCs). The FAQs aim to „provide basic information to market practitioners in respect of open-ended fund companies“, thereby addressing a wide range of topics ranging from registration issues to the discontinuation of sub-funds. Besides some editorial changes (renumbering of pages), this latest revised version contains modificat ...
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 ...