Overview of the Hong Kong Licensing Regime
By Jeffrey Cheung and Alan Cheung
The Securities and Futures Commission (SFC) is responsible for administering the Securities and Futures Ordinance (SFO), which governs the securities and futures market in Hong Kong.
Under the SFO, the following 10 activities constitute regulated activities that require licensing unless specifically exempted:
- 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
- Type 6: advising on corporate finance
- Type 7: providing automated trading services
- Type 8: securities margin financing
- Type 9: asset management
- Type 10: providing credit rating services
Examples of the above regulated activities can be found on the SFC’s website. Any individual or firm who carries on, or holds himself or itself as carrying on, a business in or from Hong Kong in any of the above regulated activities shall be appropriately licensed with the SFC, notwithstanding that the activity itself is being carried on from a place outside of and to the public in Hong Kong…
Click on the link below to read the rest of the Dentons briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Dentons
News from The Lawyer
Briefings from Dentons
Saudi Arabia Update 2015: shop opening hours law proposal; expansion of court system in Riyadh; and more
Dentons has released the January 2015 edition of its Saudi Arabia Update.
The House of Commons debate on the Infrastructure Bill did not result in the introduction of the explicit moratorium on further attempts to develop a UK shale gas industry.
Analysis from The Lawyer
Life in Canada is getting harder for firms as commodities prices fall and work volumes slow
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all