SFC LICENSING APPLICATION FINANCIAL RESOURCES REQUIREMENT 5 000 000



Sfc Licensing Application Financial Resources Requirement 5 000 000

FAQs (Updated on Jun 29 2015) 1. PWMA. May 02, 2017 · SFC issued a new Licensing Handbook to provide easier access to licensing information 2 May 2017. The SFC published a Licensing Handbook on 21 April 2017 to enhance the public’s access to licensing information. This Handbook supersedes the Licensing Information Booklet which was last updated in 2013., If you wish to submit a corporate application in paper form, application forms (in pdf format) can be downloaded from the SFC’s web site under the section Licensing: application & notification forms.Please also see " Required application forms and supplements for applications for new corporate licence/registration" below on the required forms and supplements for various kinds of applications..

SFC issued a new Licensing Handbook to provide easier

SECURITIES AND FUTURES ACT (CAP. 289). Licensing. Hong Kong’s Securities and Futures Commission (SFC) requires individuals and entities involved in ten “regulated activities” to be license by or registered with the SFC.As the gatekeeper of standards for individuals and corporations seeking to enter the securities and futures markets of Hong Kong, the SFC is enshrined with the role of granting licenses to those who are, SFC Licensing. We provide thorough and practical compliance consulting services to assist financial institutions including hedge fund managers and fund management companies in identifying their risk matters and compliance issues to ensure their compliance function is effective..

Home > SFC Licensing and On-Going Compliance > Charltons Boutique Hong Kong Solicitors > Listing. Although not required at the pre-application stage, a legal opinion from counsel in the jurisdictions where the underlying assets are located should be included with the submission if available. Requirements Relating To Resources and Aug 16, 2012В В· SFC Licensing - Do you need a licence? Submitted by // S Lucchetti, Partner. 16 August 2012. 1. What are some key issues for a license application? (i) Timing and application procedures. Generally, an application will take approximately 4-6 months from the lodgement date of the application. Capital and financial requirements.

Guide to Financial Services License (Except Banking Licence) in Hong Kong 1. Overview. Hong Kong’s financial services industry has seen unprecedented growth in recent years. As a result, Hong Kong has become a key financial services center in Asia. In Hong Kong, an intermediary needs a valid license to conduct financial services regulated Intermediaries . Licensing » Do you need a licence or registration? » Types of intermediary and licensed individual » Application procedures » Ongoing obligations » Online Portal » Register of licensees & registered institutions » List of Modifications or Waivers of Licensing Requirements » Guidelines » Circulars » Consultations and conclusions » Forms

Financial resources rules and financial return. capital is the minimum amount of liquid capital that a licensed corporation must have in order to comply with the financial resources requirement under the rules. A licensed corporation’s required liquid capital is determined by reference to a fixed amount applicable to the type of regulated The Licensing Regime under The Securities and Futures Ordinance disclosure-interests-b, financial-securities-a, It must however satisfy a more stringent financial resources requirement: the minimum paid-up share capital requirement for a Type 1 licensed corporation is HK$10 million if it conducts securities margin financing and HK$5 million

Financial Requirements for Licensing 1 July 2010 5 1. FINANCIAL REQUIREMENTS FOR LICENSING 1.1 Objectives . This policy is made by the Queensland Building Services Board and states the financial requirements for licensing under the Queensland Building Services Authority Act 1991. The objectives of the financial requirements in this policy are May 02, 2017 · SFC issued a new Licensing Handbook to provide easier access to licensing information 2 May 2017. The SFC published a Licensing Handbook on 21 April 2017 to enhance the public’s access to licensing information. This Handbook supersedes the Licensing Information Booklet which was last updated in 2013.

Mar 31, 2014 · Overview of the Hong Kong licensing regime Financial status or solvency; depending on the quality of information submitted and the SFC’s requisitions with respect to the application. SFC Guide to Financial Services License (Except Banking Licence) in Hong Kong 1. Overview. Hong Kong’s financial services industry has seen unprecedented growth in recent years. As a result, Hong Kong has become a key financial services center in Asia. In Hong Kong, an intermediary needs a valid license to conduct financial services regulated

management business in HK is getting the appropriate SFC license. This article will examine the key issues often faced by potential alternative fund managers when getting an SFC license and the main requirements for getting an SFC license. There are 10 types of SFC licenses each covering a different type of “regulated activity”. Home Regulatory functions Intermediaries Licensing Types of intermediary and licensed individual. (Financial Resources) Rules for more information on financial resources requirements, not having a “close link” with the corporate licence applicant may be allowed to provide less information in the application form, although the SFC

Home > SFC Licensing and On-Going Compliance > Charltons Boutique Hong Kong Solicitors Advising Resource Companies In certain cases it is also necessary to establish an independent board committee and appoint an independent financial adviser to advise the shareholders as to whether the transaction is fair and reasonable and in the Guide to Financial Services License (Except Banking Licence) in Hong Kong 1. Overview. Hong Kong’s financial services industry has seen unprecedented growth in recent years. As a result, Hong Kong has become a key financial services center in Asia. In Hong Kong, an intermediary needs a valid license to conduct financial services regulated

Jul 10, 2007 · Introduction Streamlined Licensing Process Competence Requirements for Responsible Officers Office Space Future Developments. Introduction. The Hong Kong Securities and Futures Commission (SFC) has issued a circular to clarify certain licensing application issues and the licensing process for fund managers as part of its initiatives to streamline and simplify the process. Licensing. Hong Kong’s Securities and Futures Commission (SFC) requires individuals and entities involved in ten “regulated activities” to be license by or registered with the SFC.As the gatekeeper of standards for individuals and corporations seeking to enter the securities and futures markets of Hong Kong, the SFC is enshrined with the role of granting licenses to those who are

CompliancePlus Consulting

sfc licensing application financial resources requirement 5 000 000

SFC issued a new Licensing Handbook to provide easier. ComplianceAsia Client Information: Hong Kong Licensing. 5 You should have sufficient authority to supervise the business of regulated activity within the licensed corporation that you will be accredited to and you must demonstrate that you have the nec essary competence, as detailed below: Criteria Basic Requirements Can be fulfilled by, Under the Securities and Futures (Financial Resources) Rules (“FRR”) (Cap. 571N of the Laws of Hong Kong), licensed corporations are expected to maintain its capital requirements at all times that they are licensed and this must be monitored closely. The submission to the SFC would normally include confirmation of compliance of the FRR in connection with the amount of paid-up capital and.

SFC Adopts New Approach to Licensing of Fund Managers. We will also coordinate the licensing application process, including assisting corporations to draft business plans and compliance and operations manuals, working with clients to respond to queries raised by the SFC, and preparing applications for exemptions or waivers from particular licensing requirements., Financial Requirements for Licensing 1 July 2010 5 1. FINANCIAL REQUIREMENTS FOR LICENSING 1.1 Objectives . This policy is made by the Queensland Building Services Board and states the financial requirements for licensing under the Queensland Building Services Authority Act 1991. The objectives of the financial requirements in this policy are.

PRACTICE NOTE 820 THE AUDIT OF LICENSED CORPORATIONS

sfc licensing application financial resources requirement 5 000 000

Cap. 571S Securities and Futures (Licensing and. Part 5 Exemption from licensing requirements 10 Part 6 Basic approval criteria 16 Part 7 Application procedures 32 required to be licensed or registered with the SFC (see Parts 3 and 5 for more information). The regulated activities that they are 3.5 If you intend to provide financial information on the Internet or any https://en.wikipedia.org/wiki/Wikipedia:Featured_article_candidates/Featured_log/March_2007 Financial Requirements for Licensing 1 July 2010 5 1. FINANCIAL REQUIREMENTS FOR LICENSING 1.1 Objectives . This policy is made by the Queensland Building Services Board and states the financial requirements for licensing under the Queensland Building Services Authority Act 1991. The objectives of the financial requirements in this policy are.

sfc licensing application financial resources requirement 5 000 000


We help securities dealers to set up and structure their businesses in Hong Kong and assist in the preparation of shareholder and employment agreements. We advise securities dealers on SFC licensing requirements, approval criteria and application procedures. We can advise on whether (and what type of) SFC licence is required in a particular Oct 16, 2014В В· Ongoing compliance matters for a licensed corporation to carry out certain regulated activities it will only be required to submit semi-annual financial resources returns to the SFC (c.f. monthly returns). Such returns shall include: в†ђ Licensing intermediaries in Hong Kong SFC licensing- the ongoing requirements

Mar 31, 2014 · Overview of the Hong Kong licensing regime Financial status or solvency; depending on the quality of information submitted and the SFC’s requisitions with respect to the application. SFC We help securities dealers to set up and structure their businesses in Hong Kong and assist in the preparation of shareholder and employment agreements. We advise securities dealers on SFC licensing requirements, approval criteria and application procedures. We can advise on whether (and what type of) SFC licence is required in a particular

Oct 16, 2014В В· Ongoing compliance matters for a licensed corporation to carry out certain regulated activities it will only be required to submit semi-annual financial resources returns to the SFC (c.f. monthly returns). Such returns shall include: в†ђ Licensing intermediaries in Hong Kong SFC licensing- the ongoing requirements Home > SFC Licensing and On-Going Compliance > Charltons Boutique Hong Kong Solicitors > Listing. Although not required at the pre-application stage, a legal opinion from counsel in the jurisdictions where the underlying assets are located should be included with the submission if available. Requirements Relating To Resources and

Financial Requirements for Licensing 1 July 2010 5 1. FINANCIAL REQUIREMENTS FOR LICENSING 1.1 Objectives . This policy is made by the Queensland Building Services Board and states the financial requirements for licensing under the Queensland Building Services Authority Act 1991. The objectives of the financial requirements in this policy are Sponsors SFC Licensing and On-Going Compliance The capital and other financial requirements applicable to sponsors as persons licensed under the SFO are set out in the Securities and Futures (Financial Resources) Rules (FRRs). Sponsors are required to have a minimum paid up share capital of HK$10 million and liquid capital of HK$3 million

Notes on Financial Reporting Obligations to the SFC E-FRR token from the SFC, application form may be downloaded from the SFC website the requirements under the financial resources rules are being complied with and where required by the SFC, make its records available to the SFC within 5 … The Licensing Examination for Securities and Futures Intermediaries (LE), a practical and market-focused examination, was developed with the assistance of regulators, academics and practitioners drawn from across the financial services industry. Its delegated by the SFC and conducted by the Hong Kong Securities Institute. Criticisms

LICENSING: FINANCIAL REQUIREMENTS 4 4 We are consulting with APRA about all our financial requirement proposals including their implications for entities in groups that have an APRA regulated entity. 5 Under the proposals in this paper, different conduct means that different requirements apply. More than one requirement may apply The Securities and Futures (Keeping of Records) Rules are rules for the keeping of accounts and records by regulated entities. Such records are required to contain sufficient details to explain business activities and operations and account for their client assets, and to be retained for a specified period of time. Financial resources requirements

management business in HK is getting the appropriate SFC license. This article will examine the key issues often faced by potential alternative fund managers when getting an SFC license and the main requirements for getting an SFC license. There are 10 types of SFC licenses each covering a different type of “regulated activity”. Companies seeking SFC licensing. Charltons has broad experience in assisting financial intermediaries – including fund managers, corporate finance and investment advisers, and brokers – on SFC licensing approval criteria and application procedures. of the Securities and Futures (Financial Resources) plan and compliance manual for

Cap. 571S Securities and Futures (Licensing and

sfc licensing application financial resources requirement 5 000 000

Financial resources rules and financial return. Mar 31, 2014 · Overview of the Hong Kong licensing regime Financial status or solvency; depending on the quality of information submitted and the SFC’s requisitions with respect to the application. SFC, Financial Requirements for Licensing 1 July 2010 5 1. FINANCIAL REQUIREMENTS FOR LICENSING 1.1 Objectives . This policy is made by the Queensland Building Services Board and states the financial requirements for licensing under the Queensland Building Services Authority Act 1991. The objectives of the financial requirements in this policy are.

SECURITIES AND FUTURES ACT (CAP. 289)

Ongoing obligations Securities & Futures Commission of. Notes on Financial Reporting Obligations to the SFC E-FRR token from the SFC, application form may be downloaded from the SFC website the requirements under the financial resources rules are being complied with and where required by the SFC, make its records available to the SFC within 5 …, Sponsors SFC Licensing and On-Going Compliance The capital and other financial requirements applicable to sponsors as persons licensed under the SFO are set out in the Securities and Futures (Financial Resources) Rules (FRRs). Sponsors are required to have a minimum paid up share capital of HK$10 million and liquid capital of HK$3 million.

Licensing. Hong Kong’s Securities and Futures Commission (SFC) requires individuals and entities involved in ten “regulated activities” to be license by or registered with the SFC.As the gatekeeper of standards for individuals and corporations seeking to enter the securities and futures markets of Hong Kong, the SFC is enshrined with the role of granting licenses to those who are Financial Requirements for Licensing 1 July 2010 5 1. FINANCIAL REQUIREMENTS FOR LICENSING 1.1 Objectives . This policy is made by the Queensland Building Services Board and states the financial requirements for licensing under the Queensland Building Services Authority Act 1991. The objectives of the financial requirements in this policy are

However, corporations that are licensed only for Type 4, Type 5, Type 6, Type 9 and/or Type 10 regulated activities and whose licences are subject to the condition that they shall not hold client assets, are only required to submit semi-annual financial resources returns (section 56 of the Securities and Futures (Financial Resources) Rules). Fund managers and professionals may meet with the SFC's licensing staff before submitting a licence application for guidance in simplifying and accelerating the subsequent licensing process. 5. Office Space The SFC does not specifically prescribe the type of office space that hedge fund managers may occupy and they make no distinction between

However, corporations that are licensed only for Type 4, Type 5, Type 6, Type 9 and/or Type 10 regulated activities and whose licences are subject to the condition that they shall not hold client assets, are only required to submit semi-annual financial resources returns (section 56 of the Securities and Futures (Financial Resources) Rules). Mar 31, 2014 · Overview of the Hong Kong licensing regime Financial status or solvency; depending on the quality of information submitted and the SFC’s requisitions with respect to the application. SFC

Part 5 Exemption from licensing requirements 10 Part 6 Basic approval criteria 16 Part 7 Application procedures 32 required to be licensed or registered with the SFC (see Parts 3 and 5 for more information). The regulated activities that they are 3.5 If you intend to provide financial information on the Internet or any Sponsors SFC Licensing and On-Going Compliance The capital and other financial requirements applicable to sponsors as persons licensed under the SFO are set out in the Securities and Futures (Financial Resources) Rules (FRRs). Sponsors are required to have a minimum paid up share capital of HK$10 million and liquid capital of HK$3 million

5.1 General fit and proper requirement 23 5.2 Specific approval criteria 23 5.3 Sufficient authority 24 5.4 Further guidance 24 10.10 Submission of financial resources returns 54 10.11 Payment of annual fees 54 licensing@sfc.hk Via the SFC Infoline (24 hours): The Licensing Examination for Securities and Futures Intermediaries (LE), a practical and market-focused examination, was developed with the assistance of regulators, academics and practitioners drawn from across the financial services industry. Its delegated by the SFC and conducted by the Hong Kong Securities Institute. Criticisms

Version Dated Jun 29, 2015 1 FAQs (Updated on Jun 29, 2015) General 1. What is the Enhanced Competency Framework? individuals are still required to meet the licensing or registration requirements under the Securities and Futures Ordinance. There is a non-refundable HKD1,000 application fee for application of grandfathering and CPWP application such as business plan explaining the reasons why license is needed to conduct the business activities so that SFC can assess the application with more information. SFC is also interested in knowing target clients, source of funding, marketing activities, and new financial …

Financial returns. Pursuant to section 402 of the Securities and Futures Ordinance, the Securities and Futures Commission specifies that the electronic form published below shall be used for a return required to be submitted under section 56(1), (2) and (3) of the Securities and Futures (Financial Resources) Rules with effect from 1 May 2019. LICENSING: FINANCIAL REQUIREMENTS 4 4 We are consulting with APRA about all our financial requirement proposals including their implications for entities in groups that have an APRA regulated entity. 5 Under the proposals in this paper, different conduct means that different requirements apply. More than one requirement may apply

ComplianceAsia Client Information: Hong Kong Licensing. 5 You should have sufficient authority to supervise the business of regulated activity within the licensed corporation that you will be accredited to and you must demonstrate that you have the nec essary competence, as detailed below: Criteria Basic Requirements Can be fulfilled by Licensing. Hong Kong’s Securities and Futures Commission (SFC) requires individuals and entities involved in ten “regulated activities” to be license by or registered with the SFC.As the gatekeeper of standards for individuals and corporations seeking to enter the securities and futures markets of Hong Kong, the SFC is enshrined with the role of granting licenses to those who are

25,327 Licensing Registration jobs available on Indeed.com. Apply to Licensing Specialist, Pre, Explains registration and licensing requirements and regulations to applicants. Resume Resources Resume Samples - Resume Templates. Be the first to see new Licensing Registration jobs. Part 5 Exemption from licensing requirements 10 Part 6 Basic approval criteria 16 Part 7 Application procedures 32 required to be licensed or registered with the SFC (see Parts 3 and 5 for more information). The regulated activities that they are 3.5 If you intend to provide financial information on the Internet or any

application such as business plan explaining the reasons why license is needed to conduct the business activities so that SFC can assess the application with more information. SFC is also interested in knowing target clients, source of funding, marketing activities, and new financial … The Licensing Regime under The Securities and Futures Ordinance disclosure-interests-b, financial-securities-a, It must however satisfy a more stringent financial resources requirement: the minimum paid-up share capital requirement for a Type 1 licensed corporation is HK$10 million if it conducts securities margin financing and HK$5 million

Companies seeking SFC licensing. Charltons has broad experience in assisting financial intermediaries – including fund managers, corporate finance and investment advisers, and brokers – on SFC licensing approval criteria and application procedures. of the Securities and Futures (Financial Resources) plan and compliance manual for However, corporations that are licensed only for Type 4, Type 5, Type 6, Type 9 and/or Type 10 regulated activities and whose licences are subject to the condition that they shall not hold client assets, are only required to submit semi-annual financial resources returns (section 56 of the Securities and Futures (Financial Resources) Rules).

The Securities and Futures (Keeping of Records) Rules are rules for the keeping of accounts and records by regulated entities. Such records are required to contain sufficient details to explain business activities and operations and account for their client assets, and to be retained for a specified period of time. Financial resources requirements Companies seeking SFC licensing. Charltons has broad experience in assisting financial intermediaries – including fund managers, corporate finance and investment advisers, and brokers – on SFC licensing approval criteria and application procedures. of the Securities and Futures (Financial Resources) plan and compliance manual for

Guide to Financial Services License (Except Banking Licence) in Hong Kong 1. Overview. Hong Kong’s financial services industry has seen unprecedented growth in recent years. As a result, Hong Kong has become a key financial services center in Asia. In Hong Kong, an intermediary needs a valid license to conduct financial services regulated Financial Requirements for Licensing 1 July 2010 5 1. FINANCIAL REQUIREMENTS FOR LICENSING 1.1 Objectives . This policy is made by the Queensland Building Services Board and states the financial requirements for licensing under the Queensland Building Services Authority Act 1991. The objectives of the financial requirements in this policy are

SFC licensing and compliance hints Lexology. May 02, 2017 · SFC issued a new Licensing Handbook to provide easier access to licensing information 2 May 2017. The SFC published a Licensing Handbook on 21 April 2017 to enhance the public’s access to licensing information. This Handbook supersedes the Licensing Information Booklet which was last updated in 2013., Part 5 Exemption from licensing requirements 10 Part 6 Basic approval criteria 16 Part 7 Application procedures 32 required to be licensed or registered with the SFC (see Parts 3 and 5 for more information). The regulated activities that they are 3.5 If you intend to provide financial information on the Internet or any.

SECURITIES AND FUTURES ACT (CAP. 289)

sfc licensing application financial resources requirement 5 000 000

KEY ISSUES IN GETTING AN SFC LICENSE FOR ALTERNATIVE. 5.1 General fit and proper requirement 23 5.2 Specific approval criteria 23 5.3 Sufficient authority 24 5.4 Further guidance 24 10.10 Submission of financial resources returns 54 10.11 Payment of annual fees 54 licensing@sfc.hk Via the SFC Infoline (24 hours):, Category Risk-based Capital Requirement Retail LFMCs Financial resources are at least 120% of A/I LFMCs operational risk requirement. 3.1.5 Compliance Arrangements – MAS expects an FMC to have in place compliance arrangements that are commensurate with the ….

Application and Licensing Fees Financial Regulation

sfc licensing application financial resources requirement 5 000 000

Licensing Financial requirements ASIC. The Licensing Examination for Securities and Futures Intermediaries (LE), a practical and market-focused examination, was developed with the assistance of regulators, academics and practitioners drawn from across the financial services industry. Its delegated by the SFC and conducted by the Hong Kong Securities Institute. Criticisms https://en.wikipedia.org/wiki/Wikipedia:Featured_article_candidates/Featured_log/March_2007 Application and Licensing Fees - Financial Regulation Electronic Licensing. Affiliated Insurance Producers - Mortgage Loan Originators. Initial License/ Form MU4 - (Investigation fee NOT included): $700.00; Investigation Fee (non-refundable/ not applicable to renewals): $1.00.

sfc licensing application financial resources requirement 5 000 000


Companies seeking SFC licensing. Charltons has broad experience in assisting financial intermediaries – including fund managers, corporate finance and investment advisers, and brokers – on SFC licensing approval criteria and application procedures. of the Securities and Futures (Financial Resources) plan and compliance manual for Sponsors SFC Licensing and On-Going Compliance The capital and other financial requirements applicable to sponsors as persons licensed under the SFO are set out in the Securities and Futures (Financial Resources) Rules (FRRs). Sponsors are required to have a minimum paid up share capital of HK$10 million and liquid capital of HK$3 million

Sponsors SFC Licensing and On-Going Compliance The capital and other financial requirements applicable to sponsors as persons licensed under the SFO are set out in the Securities and Futures (Financial Resources) Rules (FRRs). Sponsors are required to have a minimum paid up share capital of HK$10 million and liquid capital of HK$3 million application such as business plan explaining the reasons why license is needed to conduct the business activities so that SFC can assess the application with more information. SFC is also interested in knowing target clients, source of funding, marketing activities, and new financial …

The Securities and Futures (Keeping of Records) Rules are rules for the keeping of accounts and records by regulated entities. Such records are required to contain sufficient details to explain business activities and operations and account for their client assets, and to be retained for a specified period of time. Financial resources requirements The Securities and Futures (Keeping of Records) Rules are rules for the keeping of accounts and records by regulated entities. Such records are required to contain sufficient details to explain business activities and operations and account for their client assets, and to be retained for a specified period of time. Financial resources requirements

Home Regulatory functions Intermediaries Licensing Types of intermediary and licensed individual. (Financial Resources) Rules for more information on financial resources requirements, not having a “close link” with the corporate licence applicant may be allowed to provide less information in the application form, although the SFC ComplianceAsia Client Information: Hong Kong Licensing. 5 You should have sufficient authority to supervise the business of regulated activity within the licensed corporation that you will be accredited to and you must demonstrate that you have the nec essary competence, as detailed below: Criteria Basic Requirements Can be fulfilled by

Version Dated Jun 29, 2015 1 FAQs (Updated on Jun 29, 2015) General 1. What is the Enhanced Competency Framework? individuals are still required to meet the licensing or registration requirements under the Securities and Futures Ordinance. There is a non-refundable HKD1,000 application fee for application of grandfathering and CPWP Home Regulatory functions Intermediaries Licensing Types of intermediary and licensed individual. (Financial Resources) Rules for more information on financial resources requirements, not having a “close link” with the corporate licence applicant may be allowed to provide less information in the application form, although the SFC

Guide to Financial Services License (Except Banking Licence) in Hong Kong 1. Overview. Hong Kong’s financial services industry has seen unprecedented growth in recent years. As a result, Hong Kong has become a key financial services center in Asia. In Hong Kong, an intermediary needs a valid license to conduct financial services regulated Fund managers and professionals may meet with the SFC's licensing staff before submitting a licence application for guidance in simplifying and accelerating the subsequent licensing process. 5. Office Space The SFC does not specifically prescribe the type of office space that hedge fund managers may occupy and they make no distinction between

May 02, 2017 · SFC issued a new Licensing Handbook to provide easier access to licensing information 2 May 2017. The SFC published a Licensing Handbook on 21 April 2017 to enhance the public’s access to licensing information. This Handbook supersedes the Licensing Information Booklet which was last updated in 2013. Application and Licensing Fees - Financial Regulation Electronic Licensing. Affiliated Insurance Producers - Mortgage Loan Originators. Initial License/ Form MU4 - (Investigation fee NOT included): $700.00; Investigation Fee (non-refundable/ not applicable to renewals): $1.00

Guide to Financial Services License (Except Banking Licence) in Hong Kong 1. Overview. Hong Kong’s financial services industry has seen unprecedented growth in recent years. As a result, Hong Kong has become a key financial services center in Asia. In Hong Kong, an intermediary needs a valid license to conduct financial services regulated May 02, 2017 · SFC issued a new Licensing Handbook to provide easier access to licensing information 2 May 2017. The SFC published a Licensing Handbook on 21 April 2017 to enhance the public’s access to licensing information. This Handbook supersedes the Licensing Information Booklet which was last updated in 2013.

If you wish to submit a corporate application in paper form, application forms (in pdf format) can be downloaded from the SFC’s web site under the section Licensing: application & notification forms.Please also see " Required application forms and supplements for applications for new corporate licence/registration" below on the required forms and supplements for various kinds of applications. Version Dated Jun 29, 2015 1 FAQs (Updated on Jun 29, 2015) General 1. What is the Enhanced Competency Framework? individuals are still required to meet the licensing or registration requirements under the Securities and Futures Ordinance. There is a non-refundable HKD1,000 application fee for application of grandfathering and CPWP

5.1 General fit and proper requirement 23 5.2 Specific approval criteria 23 5.3 Sufficient authority 24 5.4 Further guidance 24 10.10 Submission of financial resources returns 54 10.11 Payment of annual fees 54 licensing@sfc.hk Via the SFC Infoline (24 hours): Home > SFC Licensing and On-Going Compliance > Charltons Boutique Hong Kong Solicitors Advising Resource Companies In certain cases it is also necessary to establish an independent board committee and appoint an independent financial adviser to advise the shareholders as to whether the transaction is fair and reasonable and in the

Home > SFC Licensing and On-Going Compliance > Charltons Boutique Hong Kong Solicitors Advising Resource Companies In certain cases it is also necessary to establish an independent board committee and appoint an independent financial adviser to advise the shareholders as to whether the transaction is fair and reasonable and in the Part 5 Exemption from licensing requirements 10 Part 6 Basic approval criteria 16 Part 7 Application procedures 32 required to be licensed or registered with the SFC (see Parts 3 and 5 for more information). The regulated activities that they are 3.5 If you intend to provide financial information on the Internet or any

The Securities and Futures (Keeping of Records) Rules are rules for the keeping of accounts and records by regulated entities. Such records are required to contain sufficient details to explain business activities and operations and account for their client assets, and to be retained for a specified period of time. Financial resources requirements Intermediaries . Licensing В» Do you need a licence or registration? В» Types of intermediary and licensed individual В» Application procedures В» Ongoing obligations В» Online Portal В» Register of licensees & registered institutions В» List of Modifications or Waivers of Licensing Requirements В» Guidelines В» Circulars В» Consultations and conclusions В» Forms

If you wish to submit a corporate application in paper form, application forms (in pdf format) can be downloaded from the SFC’s web site under the section Licensing: application & notification forms.Please also see " Required application forms and supplements for applications for new corporate licence/registration" below on the required forms and supplements for various kinds of applications. Jun 23, 2017 · Hong Kong - SFC Licensing And Compliance Hints. Legal News & Analysis - Asia Pacific - Hong Kong - Regulatory & Compliance The SFC issued the new Licensing Handbook in April 2017 which consolidates information from its Licensing Information Booklet and some of its FAQs and circulars. New client agreement requirements in force . The SFC

Home > SFC Licensing and On-Going Compliance > Charltons Boutique Hong Kong Solicitors Advising Resource Companies In certain cases it is also necessary to establish an independent board committee and appoint an independent financial adviser to advise the shareholders as to whether the transaction is fair and reasonable and in the The Licensing Regime under The Securities and Futures Ordinance disclosure-interests-b, financial-securities-a, It must however satisfy a more stringent financial resources requirement: the minimum paid-up share capital requirement for a Type 1 licensed corporation is HK$10 million if it conducts securities margin financing and HK$5 million

sfc licensing application financial resources requirement 5 000 000

Home > SFC Licensing and On-Going Compliance > Charltons Boutique Hong Kong Solicitors > Capital Raising. The requirement for three year audited accounts does not apply; must have produced audited accounts in accordance with its national law covering the three financial years preceding the application for listing. In very exceptional The Licensing Examination for Securities and Futures Intermediaries (LE), a practical and market-focused examination, was developed with the assistance of regulators, academics and practitioners drawn from across the financial services industry. Its delegated by the SFC and conducted by the Hong Kong Securities Institute. Criticisms