Do you need a licence or registration? Securities..
A licence is issued by the SFC under Part V of the SFO only to allow the holder to carry on business in a regulated activity, or to perform a regulated function in relation to a regulated activity carried on as a business, in Hong Kong. When a licensed corporation or individual conducts activities in a jurisdiction outside Hong Kong, it is necessary for such corporation or individual to ensure that the relevant legal and regulatory requirements of that other jurisdiction are fully complied with.Insurance Brokerage Registration Requirements in Hong Kong. An insurance broker means a person who carries on the business of negotiating or arranging.Shortlist of the Estate Agents Community Service Proposal Competition Re Conditions of stay for those engaging in the sales of non-local properties in Hong Kong Highlight of the EAA's public seminar on “Be alert when renting or purchasing properties with alteration works” Re Amendments to the Mortgage Insurance ProgrammeAs the gatekeeper of standards for individuals and corporations seeking to enter the securities and futures markets of Hong Kong, we grant licences to those who are appropriately qualified and can demonstrate their fitness and properness to be licensed under the Securities and Futures Ordinance; Trading strategy profitable websites. Online Portal · Register of licensees and registered institutions · List of modifications or waivers of licensing requirements · Circulars.The Insurance Authority "IA" employs various tools in conducting on-going supervision of licensed insurance brokers, broadly comprising.Apply for SFC forex broker license in Hong Kong with our step by step guidance at special discounted rates. Request a quote for Hong Kong forex licence.
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Under the Securities and Futures Ordinance (SFO) of Hong Kong, the following are considered regulated activities by the Securities and Futures Commission (SFC) of Hong Kong: Any corporation (including an authorized financial institution) that intends to carry out any of the regulated activities listed above in Hong Kong will need to apply for a license.Any individual who intends to carry out any of the regulated activities listed above on behalf of a licensed corporation will need to apply for a Representative s license.A licensed representative can be accredited to more than one licensed corporation. One hour binary options strategy. Hong Kong’s new insurance regulator says all agents must apply for new licence. Chairman of Hong Kong’s Insurance Authority, Moses Cheng Mo-chi, said the regulator won’t offer a grandfather.Licensing Supervision Market infrastructure & trading Market statistics and research Approved or authorised entities Short position reporting OTC derivatives regulatory regime Mainland-Hong Kong Stock Connect Consultations and conclusions FAQs Contact us Listings & takeovers Dual filing Corporate disclosure Takeovers and mergersLicensing As the gatekeeper of standards for individuals and corporations seeking to enter the securities and futures markets of Hong Kong, we grant licences to those who are appropriately qualified and can demonstrate their fitness and properness to be licensed under the Securities and Futures Ordinance;
However, certain regulated activities such as leveraged foreign exchange trading, providing automated trading services, securities margin financing and asset management services cannot be carried out under a temporary license.In addition, under the temporary license the applicant cannot hold client assets.The temporary license will be granted only for 3 months at any given time and for not more than 6 months in total within any period of 24 months. The Hong Kong Confederation of Insurance Brokers is an approved body of insurance brokers to implement self-regulation of insurance brokers in Hong Kong.The responsible body for Forex trading regulation and licensing of Hong Kong Forex Brokers was another important step towards industry growth and is.This register lists all licensees ie, both licensed individuals and licensed corporations and registered institutions. The information dates back to 1 April 2003.
Licensing Securities & Futures Commission of
Hong Kong Forex Brokers The regulatory body responsible for the licensing and supervision of forex brokers in Hong Kong is the Hong Kong Securities and Futures Commission SFC. The SFC licensing procedure is a long and complicated one, involving submission of various documents, fit and proper test for officials representing the firm, and.If a company is an authorized insurance broker by its membership with The Hong. The particulars of authorization or registration of such Insurance Brokers.Obtaining a Stock Broker License. You must have a license to trade stocks on behalf of other people. To obtain a stock broker’s license, you must pass a series of examinations administered by the Financial Industry Regulatory Authority FINRA. R-sim 7 swisscom. To learn about how to register a private limited company in Hong Kong, refer to Hong Kong Company Setup guide.For foreign company registration, please refer to Foreign Company Registration Options in Hong Kong.If a corporation or an authorized financial institution makes the application, it must employ at least two responsible officers in respect of each regulated activity for which the corporation or institution is seeking to be licensed.
The same individual can be appointed to be a responsible officer for more than one regulated activity provided he is found to be “fit and proper” and that there is no conflict in the roles assumed.At least one of the proposed responsible officers must be an executive director of the corporation or institution.Both of the responsible officers must hold a representative s license for the relevant regulated activity. Binary trading free demo account password. [[The SFC will examine if the proposed officers possess appropriate ability, skills, knowledge and experience to effectively manage and supervise the corporation s business of regulated activities.Depending on the type of regulated activity, the applicant must maintain a minimum paid-up share capital and liquid capital as prescribed by the Securities and Futures (Financial Resources) Rules.If there is an application for more than one type of regulated activity, the minimum paid-up share capital and liquid capital that is to be maintained shall be the highest amount required amongst the various regulated activities for which the application is being submitted.
Do you need a licence or registration? Securities & Futures.
If the applicant is applying for a license to deal in securities, future contracts or securities margin financing, the applicant must take out and maintain insurance against specific risks for a specified amount.The SFC will approve a master policy of insurance suitable for the applicant based on various factors.Applicants who are not exchange participants and who do not hold client assets are exempt from this requirement. Handle with care labrador. Once you have decided to apply for a license, completed application forms along with supporting documents and a non-refundable application fee must be submitted either by post or in person to the SFC.A successful application is usually processed within 2-4 months.The SFC will issue a written notification of the approval and a license or certificate of registration will be mailed to you thereafter.
Note that any incomplete or incorrect submission will result in delayed processing.The license or certificate of registration will indicate: The license must be displayed on the office premises at all times.If you have more than one place of business, a certified copy of your license must be exhibited in a prominent place at each of your other places of business. 10 minute forex system. All licensed or registered individuals, corporations and authorized financial institutions should pay annual license fees within one month after each anniversary date of their licenses or registrations.If you have met the necessary requirements, submitted all the necessary documents and provided accurate information in your application, there is no reason for the SFC to reject you.If however, you fail to meet the statutory requirements, the SFC has the right to reject your application.
However, before rejecting your application, the SFC will give you an opportunity to provide an explanation for your case.If your application is still rejected, you can file an appeal within 21 days of your application being rejected with the Securities and Futures Appeals Tribunal. Applying for a financial services license in Hong Kong is relatively simple and straightforward.Although you can apply for the license on your own, it is strongly advised that you should engage a professional services firm to save time and resources. Trading platform deutsche bank. PIBA was one of the three former Self-Regulatory Organizations (SROs) authorized by the Insurance Authority (IA) pursuant to the Insurance Ordinance (Cap. With effect from 23 September 2019, the IA takes over the self-regulatory duties from the three former SROs and acts as the sole regulator in the new regulatory regime for insurance intermediaries.PIBA continues our role as a professional insurance brokers association with mission to promote professionalism and to uphold PIBA’s core values “To Serve and To Protect” the insurance broking industry.This website aims to provide vital information about the organization, our services and news update relating to the industry-wide issues.
We hope you will find our website a useful and informative tool for access to up-to-date information concerning the insurance broking field in Hong Kong. Any person must be approved by the Monetary Authority before acting as a money broker.A money broker means a person who, for reward, carries on the business in or from Hong Kong, or provides to persons in Hong Kong the service, of negotiating, arranging or facilitating agreements between other persons: Money broker need not necessarily be resident, or be carrying on a business in Hong Kong. The requirement to be approved will apply to the money broker which is a resident abroad but is providing a service to an authorized institution in Hong Kong.The legislation is not intended to cover persons such as investment advisers, securities dealers, solicitors and professional accountants who may technically act as money brokers (e.g.In arranging to place deposits on behalf of their clients), but in a way which is wholly ancillary or incidental to their main business.