Securities and Futures Commission

Fintech / Regtech

SFC Consults on Subsidiary Legislation for Paperless Securities

By Editors | 27/03/2023

The subsidiary legislation covers operational and technical matters and the introduction of a more robust regulatory regime for securities registrars.

Securities / Derivatives

SFC Waives Annual Licensing Fees for 2023/24 Financial Year

By Editors | 27/03/2023

The annual licensing fees were first waived for the 2020/21 financial year for a one year period, but it has since been extended each year.

Market Infrastructure

Hong Kong: New Regime for Depositaries to Start in Oct 2024

By Sanday Chongo Kabange | 27/03/2023

Electronic licensing forms for RA 13 will be available in Q3 2023. Depositaries operating in Hong Kong will then have four months to submit a licensing application.

Securities / Derivatives

SFC Publishes “Quick Reference” Licensing Guides

By Editors | 23/03/2023

The quick reference guides are intended to encourage more family offices and private equity businesses to operate in Hong Kong.

Crypto / Digital Assets

Crypto Firms Looking to Set Up in Hong Kong: Christopher Hui

By Editors | 22/03/2023

Between October and February, 80 virtual asset-related companies have expressed interest in establishing a presence in Hong Kong.

Securities / Derivatives

SFC Issues Guidance on New Mainland Rules for Overseas Listings

By Editors | 19/03/2023

The guidance covers disclosures of interests in Mainland issuers and the application of the Takeovers Code under the new Mainland regulations.

Crypto / Digital Assets

SFC Grants First In-Principle Approval to STO Platform

By Editors | 19/03/2023

The approval was granted to Signum Digital Limited, a joint venture between Coinstreet Holdings and Somerley Capital Holdings.

Enforcement

SFC, ICAC Arrest Five More Ramp-and-Dump Syndicate Members

By Editors | 16/03/2023

The arrestees include qualified accountants and senior executives of a number of Hong Kong-listed companies, the SFC and ICAC said.

Enforcement

SFC Fines Brokerage for 2015 System Testing Incident

By Editors | 14/03/2023

I-Access Investors incorrectly used data from system testing as production data and inadvertently triggered 27 stop loss sell orders by 12 clients.