The Securities and Futures Commission, SFC, is an independent statutory body that has been set up in Hong Kong to regulate securities and futures markets. This body is mainly funded by transaction levies and licensing fees. The basic role of this independent body is to safeguard the interests of investors, strengthen and protect the integrity and soundness of Hong Kong's securities and futures markets while ensuring Hong Kong's spirit as a free market. As far as the SFC registration is concerned, it licenses both individuals and corporations. For instance, financial institutions such as banks need to register with the SFC. However, the SFC does not license: individuals/corporations that carry out regulated activities outside Hong Kong; individuals who carry on regulated activities for registered institutions; settlement and back office staff; and insurance agents.
Further elaborating the role of the SFC, it includes:
A database of securities, futures and leveraged foreign exchange intermediaries that are registered with the SFC is maintained in the Public Register of Licensed Persons and Registered Institutions. It is this Register that also gives information regarding the registration records of persons/institutions who were earlier licensed with the SFO. This Register enables any public member to make certain that he is dealing with a licensed entity. Also, the particulars of the license of such persons/institutions can be ascertained with the help of this Register. The Register is updated daily at the end of the day, so if one wishes to seek any information, the better approach is to contact the SFC directly for the most updated information.
To ease out people in Hong Kong, there is a SFC online portal wherein, one can manage applications, notifications, and annual return submissions; also, one may make payments anytime and anywhere. To log into the account of this online SFC portal, one needs to be a licensee, delegated user, responsible officer, or should have a self-registered account.
The SFC registration does not guarantee the performance or credit-worthiness of any person/institution registered with it. To know more visit at http://heinbroconsulting.com/.
Further elaborating the role of the SFC, it includes:
Helping investors understand market operations and the risks involved in investing. Also the investors are made well aware of their rights and responsibilities;
Licensing as well as supervising intermediaries that conduct activities under the SFC;
Providing assistance to local and overseas regulatory authorities;
Authorizing investment products and offering documents accordingly;
Setting and enforcing market regulations (investigating breaches of rules and market misconduct);
A database of securities, futures and leveraged foreign exchange intermediaries that are registered with the SFC is maintained in the Public Register of Licensed Persons and Registered Institutions. It is this Register that also gives information regarding the registration records of persons/institutions who were earlier licensed with the SFO. This Register enables any public member to make certain that he is dealing with a licensed entity. Also, the particulars of the license of such persons/institutions can be ascertained with the help of this Register. The Register is updated daily at the end of the day, so if one wishes to seek any information, the better approach is to contact the SFC directly for the most updated information.
To ease out people in Hong Kong, there is a SFC online portal wherein, one can manage applications, notifications, and annual return submissions; also, one may make payments anytime and anywhere. To log into the account of this online SFC portal, one needs to be a licensee, delegated user, responsible officer, or should have a self-registered account.
The SFC registration does not guarantee the performance or credit-worthiness of any person/institution registered with it. To know more visit at http://heinbroconsulting.com/.
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