Events listed in [SFC] Securities and Futures Commission
SFC highlights key regulatory work and market data in quarterly report
ID 26133
The Securities and Futures Commission of Hong Kong, SFC, has published its latest Quarterly Report covering the period from July through September 2023. 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 SFC ...
Circular in relation to the clearing and record keeping rules for the OTC ...
ID 26038
The Securities and Futures Commission of Hong Kong (SFC) has issued a circular entitled Circular in relation to the clearing and record keeping rules for the OTC derivatives regime – changes to the list of persons designated as financial services providers to inform of the updated list of firms designated as financial service providers [FSPs] in Hong Kong. This list includes the name of ...
Circular to Licensed Corporations, SFC-licensed Virtual Asset Service Providers and ...
ID 26021
The Hong Kong Securities and Futures Commission, SFC, has published a circular to inform financial market participants about the availability of material relating to the webinar on Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) that took place on November 15 and November 16, 2023. The webinar addressed / included the following main topics: (1) recent major AML/CFT regulatory developments (2) supervisory observations relating ...
Circular to Licensed Corporations, SFC-licensed Virtual Asset Service Providers and ...
ID 25804
The Securities and Futures Commission, SFC, has issued a circular providing guidance to licensed corporations, associated entities, and virtual asset service providers on complying with key anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements. Specifically, the circular refers to and includes an updated AML/CFT Self-Assessment Checklist which has incorporated revisions to reflect the latest *Guideline on Anti-Money Laundering and Counter-Fi ...
SFC inaugurates Forum on Sustainability Disclosures
ID 25783
The Securities and Futures Commission (SFC) of Hong Kong recently organized the inaugural Forum on Sustainability Disclosures to address the development of a sustainability disclosure ecosystem for Hong Kong. The forum was attended by over 200 industry leaders, policymakers, and stakeholders from Hong Kong, Mainland China, and the Asia-Pacific region. It emphasized the benefits of adopting international sustainability reporting and assurance standards in Hong ...
Circular to licensed corporations on prudent risk management in providing IPO ...
ID 25711
With relation to the new FINI platform to „streamline and digitalise the IPO settlement process in Hong Kong“ expected to launch on 22 November 2023, the SFC has posted a circular reminding LCs to continuously manage their risks when providing IPO services. Prudent credit risk management – Ensuring that clients have sufficient funding to settle IPO obligations – Setting conservative and realistic credit limits ...
SFC welcomes new financial infrastructure for retail fund distribution in Hong Kong
ID 25620
Following an announcement by Hong Kong Exchanges and Clearing Limited (HKEX) on the development of an integrated fund platform for the distribution of retail investment funds in Hong Kong (EventID 23558), the Securities and Futures Commission (SFC) has published a related press statement. In this press release, the SFC strongly welcomes this initiative by the HKEX which aims to facilitate the entire distribution chain ...
Circular on tokenisation of SFC-authorised investment products
ID 25619
On November 2, 2023, the Securities and Futures Commission of Hong Kong (SFC) issued a circular addressed at all asset management firms engaged in the trading or distribution of investment products. *The circular outlines the requirements under which the SFC would consider permitting the tokenization of investment products under Part IV of the Securities and Futures Ordinance* for offering to the public in Hong ...
Circular on intermediaries engaging in tokenised securities-related activities
ID 25616
The Securities and Futures Commission (SFC) has issued a new circular in response to the growing interest among financial institutions in tokenizing traditional financial instruments. According to the SFC, tokenization involves recording claims on assets from traditional ledgers onto a programmable platform using distributed ledger technology (DLT). While the SFC acknowledges the potential benefits of tokenization in increasing efficiency, transparency, reducing settlement ti ...
SFC consults further on proposed amendments for implementing an uncertificated ...
ID 25597
In view of the gradual 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 (please see relating EventID 6244 and EventID 20477), the Securities and Futures Commission of Hong Kong, SFC, has launched a new consultation in this context. Specifically, **the Commission seeks feedback on proposed ...