Events listed in [SFC] Securities and Futures Commission
Joint announcement of the China Securities Regulatory Commission and the Hong Kong ...
ID 24626
The Securities and Futures Commission of Hong Kong (SFC) and the China Securities Regulatory Commission (CSRC) have published a joint statement in which both regulators inform that they have come to an agreement regarding the incorporation of block trading (manual trades) within the existing mutual stock market access framework connecting Mainland China and Hong Kong, commonly known as Stock Connect. This initiative aims to ...
SFC concludes consultation on amendments to enforcement-related provisions of the ...
ID 24596
SFC concludes a consultation paper from Summer 2022 (see eventid=16304). In its conclusion paper, the regulator briefly describes the responses it has received to its consultation and outlines the next steps. Key points highlighted include: Part 1 -„SFC may apply for remedial and other orders against a regulated person“ Although many respondents have raised legal and implementation issues related to this proposal, SFC underlines ...
Cross-Agency Steering Group announces priorities to further strengthen Hong Kong’s ...
ID 24576
On August 7, 2023, the Securities and Futures Commission of Hong Kong, SFC, published a press statement to inform that the Green and Sustainable Finance Cross-Agency Steering Group in Hong Kong presented its main objectives to further foster sustainable finance and promote the city’s position as a sustainable finance hub. These objectives include the following: (1) Developing strong regulations aligned with global standards: The ...
Hong Kong’s asset and wealth management business fared on par with global markets ...
ID 24567
The Securities and Futures Commission of Hong Kong (SFC) has published the results of its recent annual survey on Private Wealth Management. As the survey of 1,162 firms – including asset management and investment fund advisory firms – reveals, the industry as a whole contracted in 2022 as did the entire global asset management industry. In fact, overall assets under management (AuM) have decreased ...
Joint circular to intermediaries Streamlined approach for compliance with ...
ID 24465
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have released a joint circular addressed at financial market intermediaries regarding their compliance with suitability obligations when dealing with sophisticated professional investors (SPIs) who possess substantial net worth and financial expertise. In this circular, both regulators seek to clarify some issues in this context, thereby noting the following: Suitability assessments involv ...
Circular to intermediaries HKEX’s annual rehearsal for trading system recovery
ID 24453
The Securities and Futures Commission (SFC) has published a circular to inform intermediaries of the „annual rehearsal for trading system recovery“ of the Hong Kong Exchanges and Clearing Limited (HKEX). Specifically, the rehearsal is scheduled for August 19, 2023, 11:00 a.m. to 3:10 p.m. and will cover two processes related to the Hong Kong investor identification regime (HKIDR), namely (as quoted) 1. the submission ...
Circular on licensing and registration of depositaries of SFC-authorised collective ...
ID 24430
Following the publication of a consultation response paper in March 2023 concerning registration or licensing requirements of depositories of SFC-authorized Collective Investment Schemes, CISs (please see EventID 20399 in this context for more information), the Securities and Futures Commission of Hong Kong, SFC, has now published a related circular. The circular is aimed at providing guidance in relation to these new requirements and outlines ...
SFC welcomes licence and registration applications from depositaries of public funds
ID 24412
The Securities and Futures Commission, SFC, has published a statement to once again remind of the fact that it is currently accepting applications from existing depositories of Collective Investment Schemes (CISs) for licensing and registration of a RA 13 activity related to depositories. Applications may only be submitted via WINGS, the online filing platform of the SFC, up to November 30, 2023 (inclusive). RA ...
SFC welcomes IOSCO endorsement of new sustainability disclosure standards
ID 24402
The Securities and Futures Commission of Hong Kong, SFC, has published a press statement to announce that it is very pleased with the decision of the International Organization of Securities Commissions (IOSCO) to endorse the IFRS Sustainability Disclosure Standards developed by the International Sustainability Standards Board (ISSB) (please see EventID 22185 in this context for more information on the endorsement). These standards aim to ...
GN 4168 of 2023
ID 24221
The Securities and Futures Commission of Hong Kong, SFC, has published a General Notice, G.N. 4168/2023, to gazette the revocation of all prior forms published on the Commission’s web site and accessible through WINGS, the electronic filing platform of the SFC (http://wings.sfc.hk) prior to July 21, 2023. The new forms as listed on the site shall be used for the purpose of submitting licensing ...