Events listed in [SFC] Securities and Futures Commission
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 ...
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)“ ...
UBS AG’s acquisition of Credit Suisse AG HK banking system resilient: CE
ID 22374
In view of the announcement of the Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank (SNB) that Credit Suisse AG will be taken over by UBS AG, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have issued a joint press statement. Therein, both regulators state that they strongly welcome the acquisition and the SNB’s decision to ...
SFC issues guidance in light of new Mainland rules for overseas listings
ID 22331
On March 17, 2023, the Securities and Futures Commission of Hong Kong, SFC, issued a statement to inform that it has published a new Practice Note (PN25) and a new frequently asked question (FAQ) to guide issuers with respect to new regulations of the People’s Republic of China (PRC) relating to „overseas listings“. The Practice Note thereby elaborates on the new regulations which eliminate ...
FAQs – Publicly offered investment products: Presentation Materials on ...
ID 22269
The Securities and Futures Commission (SFC) has published an updated version of its presentation material regarding common ESG investment strategies used by ESG funds and corresponding frequently asked questions (FAQs). The material describes the differences between thematic investments, best in-class investments, and impact investments, before moving on to the criteria to be considered for each type of investment. In other words, the document outlines ...
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 ...
SFC issues quarterly report
ID 22167
The Securities and Futures Commission of Hong Kong, SFC, has published its latest Quarterly Report covering the period from October through December 2022. The report provides some general statistical data e.g. on mutual fund registrations, licenses granted, or enforcement actions, and also summarizes industry developments and the Commission’s regulatory activities during the specified period. Some of the highlights are noted below: **- the coming ...
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 ...