Sfc licensed activities
Web27 Jul 2024 · An asset manager licensed for SFC Type 9 regulated activity (asset management) will typically be subject to a condition that it not hold client assets. On this … Web3 Aug 2024 · On 22 February 2024, the Securities and Futures Commission (“ SFC ”) released its Consultation Conclusions on the Proposed Regulatory Regime for Depositaries of SFC …
Sfc licensed activities
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Web19 Dec 2024 · It serves to illustrate that licensed corporations should review whether staff are approved with suitable licenses to conduct their relevant business functions. Under section 114 of the Securities and Futures Ordinance, no one should carry out regulated activities without an SFC license. The rule applies not only to corporation but also ... Web1 day ago · Unit 3004, Two Exchange Square, 8 Connaught Place, Hong Kong, which is licensed by the Securities and Futures Commission (“SFC”) to conduct Type 1 regulated activities (CE:AQA779). Registered in Hong Kong under the Companies Ordinance (Chapter 622), No. 1173058.
WebThe SFC will require platforms to limit trading activities to professional investors only. For individuals, this will require them to have a portfolio of cash and securities of at least HK$8 million. The restriction on retail customers may put off … Web11 May 2024 · The date of the payment is calculated from the previous year of the licensed date, one must submit their returns within 30 days of their licensed month and date. If there is a payment overdue, one’s license will be temporarily revoked. Continuous training. In accordance with the Guidelines on Continuous Professional Training issued by the ...
Web27 Aug 2024 · 4. Structure. As previously mentioned, the vast majority of funds structured and managed in Hong Kong are Cayman Islands entities, for primarily 3 reasons - tax efficiency (in Hong Kong, prior to the introduction of the new unified tax regime in April 2024, a non-SFC authorised fund must be "offshore" in order to qualify for a tax exemption ... Web1 Oct 2024 · However, SFC-licensed entities should ensure their compliance with the SFC's guidance on the outsourcing of cloud storage services (see Question 3). The IOSCO Principles are intended to provide a framework to guide regulated entities through the steps that should be taken when outsourcing activities.
Web1 Dec 2024 · Licensed corporations. The SFC has the power to revoke or suspend your licence (in related to all or certain regulated activity(ies)) under section 195(1)(c) of the SFO, if you do not carry on all or some of the regulated activity(ies) for which you are licensed.. In any event, if you intend to cease to carry on any regulated activities, you should notify the …
Web12 May 2024 · firms which are licensed or are to be licensed for Type 9 regulated activities (asset management) and also manage portfolios which invest solely or partially (subject to a de minimis requirement, i.e. the fund has (i) a stated investment objective to invest in virtual assets or (ii) an intention to invest 10% or more of the gross asset value of the portfolio in … shoot-\u0027em-up hoWeb15 Jun 2024 · On 12 June 2024, the Securities and Futures Commission (SFC) published its conclusions (Consultation Conclusions) on its December 2024 consultation paper that proposed modifications to the scope of regulated activities ( i.e., activities for which a licence from the SFC is required) that will apply to dealing in, advising on, and providing … shoot-\u0027em-up hxWebRegulated activities 1.1 Regulated activities are defined under Schedule 5 to the SFO. They include:- Type 1 : dealing in securities, Type 2 : dealing in futures contracts, Type 3 : … shoot-\u0027em-up hwWeb11 May 2024 · The SFO also contains several key provisions applicable to AIs that are registered with the SFC to carry on a business in one or more regulated activities. In general, AIs are subject to the provisions of the SFO in the same way as licensed corporations (i.e., institutions that are licensed by the SFC) in respect of their regulated activities. shoot-\u0027em-up inWeb11 Dec 2024 · What are the various regulated activities under the SFO? As per Schedule 5 of SFO, the following qualify as a Regulated Activity: Type 1 – Dealing in Securities Type 2 – Dealing in Futures Contracts Type 3 – Leveraged Foreign Exchange Trading Type 4 – Advising on Securities Type 5 – Advising on Futures Contracts shoot-\u0027em-up idWebAccordingly, insurance intermediaries who conduct these particular activities are required to be authorized under the Insurance Ordinance, but are not required to be licensed by the SFC. In addition to the conduct of insurance business, some insurance intermediaries may separately conduct the regulated activities of advising on, or dealing in, securities or … shoot-\u0027em-up iWeb12 Nov 2024 · The new conduct requirements for bookbuilding and placing activities will be set out in a new paragraph 21 of the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission (Code of Conduct) while the sponsor coupling requirement will be reflected in the amended paragraph 17 of the Code of Conduct. There … shoot-\u0027em-up ir