What is CE number in SFC?
(1) In these Rules, unless the context otherwise requires— “applicant” (申請㆟) means the person making an application under the Ordinance to the Commission; “basic information” (基本資料) means the information referred to in Part 1 of Schedule 1; “CE number” (㆗央編號) means the central entity identification number assigned by …
What is SFC type?
SFC license types for regulated activities Type 1 – Dealing in securities. Type 2 – Dealing in futures contracts. Type 3 – Leveraged foreign exchange trading. Type 8 – Securities margin financing.
What is a licensed corporation SFC?
A corporation (that is not an authorized financial institution) which is granted a licence to carry on one or more regulated activities under section 116 of the SFO.
What is an intermediary SFC?
For simplicity, the term “intermediary” in this Part broadly refers to any person licensed by or. registered with the SFC. This coverage is wider than the relevant provisions under Part 1 of Schedule 1 to the SFO where “intermediary” is defined to mean a licensed corporation or a registered institution only.
What is responsible officer SFC?
A Responsible Officer is an individual who is approved by the Securities and Futures Commission (SFC) under section 126(1) of the Securities and Futures Ordinance (the “SFO”) as a Responsible Officer of a licensed corporation.
What is a responsible officer SFC?
What is Type 9 license Hong Kong?
For individuals and corporations seeking to enter the securities and futures markets of Hong Kong, the Securities and Futures Commission (SFC) is the gatekeeper of standards, administrating the SFO (Securities & Futures Ordinance).
What is the difference between licensed corporation and registered institution?
As mentioned earlier, licensed corporations are referring to organisations that carry out regulated activities such as securities firms, asset management companies, etc. which are non-banks and non-authorized financial institutions; while registered institutions are banks that conduct securities business.
How do I become a SFC responsible officer?
In addition to the general requirements of a licensed representative, the SFC states that a Responsible Officer has to fulfil four basic elements which relate to:
- academic / industry qualification;
- industry experience;
- management experience; and.
- regulatory knowledge.
What is a Type 9 asset management license?
Under the Securities and Futures Ordinance (SFO), Type 9 “asset management”, means providing a service of managing a portfolio of securities or futures contracts for clients on discretionary basis.
What is Type 9 regulated activity?
For this purpose, Type 9 regulated activity (asset management) includes both “real estate investment scheme management” as well as “securities and futures contract management”. The latter includes providing a service of managing a portfolio of securities or futures contracts for another person.
Where is the Securities Futures Commission in Hong Kong?
Address Securities and Futures Commission 54/F, One Island East 18 Westlands Road, Quarry Bay, Hong Kong
Do you need a licence to sell futures in Hong Kong?
This exemption normally applies to stockbrokers who provide investment advice or manage discretionary accounts for their securities clients. You are licensed for Type 2 regulated activity (dealing in futures contracts) and you wish to carry out Type 5 (advising on futures contracts) and/or Type 9 (asset management) regulated activity.
Which is the highest rate set by HKFE?
Q3 : With the deletion of HKFE Rules 617 (f) and 618, must HKFE exchange participants collect from their clients margin which is set at the highest rate amongst rates set by the exchange company, the clearing house, the execution agent and the dealer itself?
What does it mean to be non compliant with the SFC?
Generally non-compliance will mean falling below SFC’s expectation and possibly industry standard. Whether the SFC will take any disciplinary action depends on all factors such as whether the non-compliance is intentional, whether it has any investor protection issues and how rectification steps have been taken.