Sfc regulated activity type 6

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August undefined, 2024

Web3 Aug 2024 · In September 2024, the SFC issued a Consultation Paper (the “ 2024 Consultation ”) proposing a framework for a new regulated activity, Type 13 (“ RA 13 ”), to … Web18 Jul 2024 · Separately, if the LPF investment manager is licensed by the Securities and Futures Commission (SFC) to carry on Type 9 regulated activity (asset management) …

Hong Kong SFC licensing and compliance hints - Lexology

Web9 May 2024 · Schedule 5 of the SFO sets out ten categories of regulated activities. These are: Type 1 Dealing in securities Type 2 Dealing in futures contracts Type 3 Leveraged … Web3 Sep 2024 · Unless exempted, the SFO requires a firm carrying on a business in a “regulated activity” (or holding itself out as doing so) to be licensed by the SFC. There are currently … l 178/2020 beni strumentali

SFC clarifies licensing obligations of PE firms and family offices ...

Web7 Nov 2024 · The SFC circular relates to regulatory records. Those are broadly defined as records or documents relating to the carrying on of the regulated activity for which (the company) is licensed. The circular additionally describes procedures related to “relevant information”, i.e., client data and information relevant to the firm’s business operations. WebType 9 regulated activities is required to have at least 2 ROs to supervise its business, one of them being an executive director. SFC will consider the overall competence of a corporation and its ROs in assessing whether the corporation and its ROs are fit and proper to be licensed to conduct the business in the relevant Web13 May 2024 · If you want to engage in Type 9 regulated activities (Asset Management), you need to take the Licensing Examination (HKSI LE) Paper 6.If you want to engage in Type 1 regulated activities ( Dealing with Securities ) or Type 4 regulated activity (Advising on Securities) you are required to take the Licensing Examination (HKSI LE) Paper 2. l17 a lampadaire

Guide to Financial Services License (Except Banking Licence) in …

OSL becomes first HK Type 1 SFC-licensed broker to

WebTo Responsibilities Monitor the compliance functions of the Company and implement the necessary actions to ensure the compliance of all rules and regulations Web1 day ago · The SFC also pointed out that offering automated trading services is a regulated activity within the scope of the SFO. Platforms facilitating trading in virtual assets classified as securities or futures must obtain a Type 7 license. Additionally, providing collective investment schemes to the public in Hong Kong entails authorization requirements. jdk java download se 15Web14 Apr 2024 · Introduction. On 24 March 2024, the Securities and Futures Commission (SFC) published its Further Consultation Conclusions on the proposed amendments to the subsidiary legislation and SFC codes and guidelines for the implementation of the new regime to regulate top-level trustees and custodians of SFC-authorised collective … jdk_java_options

"Web11. SFC responded that among the 20plus existing depositaries, two were - banks, four were subsidiaries of insurance companies and the rest were subsidiaries of financial institutions or banks. SFC had been close liaison with maintaining HKMA and IA on the regulatory regimes for various regulated activities. 12. " - Sfc regulated activity type 6

Sfc regulated activity type 6

Consultation on New Type 13 Regulated Activity Hauzen LLP

Web13 Jan 2024 · On 7 January 2024, the Securities and Futures Commission (SFC) issued two circulars to clarify aspects of the licensing obligations applicable to private equity (PE) firms and family offices which conduct business in Hong Kong. The circulars have been issued in response to enquiries from industry participants and their professional advisers.

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Web12 Sep 2002 · An AI which immediately before the commencement of the SFO is an exempt dealer under the to-be-repealed Securities Ordinance shall be deemed to have been … Web19 Dec 2024 · The SFC reprimanded and fined SEAVI Advent Ocean Private Equity Limited, known as SAOPEL, $1 million for breach of the SFC’s Code of Conduct. The disciplinary action followed an SFC investigation which found that SAOPEL had allowed its director and an investment manager, both of whom were not licensed by the SFC, to perform regulated …

Web11 Apr 2024 · Gate.io applied for an SFC license and wants to obtain VASP authorization. In addition, the crypto exchange launched a new product dubbed Gate Wealth. Gate Group, the owner of the Gate.io crypto exchange trading brand, has confirmed to apply for regulatory approval with the Securities and Futures Commission (SFC) in Hong Kong. WebSFC costs: the SFC charges a fixed application fee, which is HK$4,740, per regulated activity (except for Type 3 regulated activity) of a licensed corporation. Applications for …

Web11 Dec 2024 · 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 … 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.

WebRA and the new Type 11 RA so that they do not capture corporate treasury activities of non-financial groups. 26. Respondents generally supported our proposal to carve out …

Web30 Mar 2024 · Investor protection is clearly front of mind for the SFC. Given the number of seismic events in the VA space which have occurred since the start of 2024, this seems to be a sensible first step in the SFC’s formulation of a regulatory framework covering VA-related financial services. Overview of the AMLO VASP regime jdk javafx downloadWebThrough licensing, it regulates the ﬁ nancial intermediaries of licensed corporations and individuals that are carrying out the following regulated activities: 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: … l181 asian paintsWeb23 Jun 2024 · In general, an RO for Type 9 regulated activity is required to have passed certain LRP, namely HKSI’s 3 Licensing Examination Papers 1 and 6, to ensure that he or she has an acceptable understanding of the relevant legal and regulatory requirements. However, the SFC has the discretion to exempt an RO applicant from passing the LRP if it … l17 barbersWebthat their activities may be caught by the current scope of the expanded Type 9 and the new Type 11 regulated activities. The SFC noted a couple of models with which groups can manage risks. Firstly, corporate treasury desks may manage risk exposures arising from the group’s commercial activities centrally jdk java mac m1WebRiche Bright Securities Limited is licensed by the Securities and Futures Commission (SFC) for Type 1 (Dealing in Securities) regulated activity in Hong Kong. As non-executive director, I worked with the company to develop new overseas business channels. l171 asian paintsWebAll Regulatory Compliance Courses, SFC CPT Courses (0.5 CPT), Type 1 Regulated Activities Related, Type 4 Regulated Activities Related Compliance Training on How to … jdk java download macWebThe Securities and Futures Ordinance, Cap. 571 (“the SFO”) was enacted in March 2002 aiming to consolidate and modernize the 10 existing ordinances regulating the securities … jdk java oracle