Circular to Licensed Corporations – Submission of information on Managers-In-Charge of Core Functions (MIC) and organisational charts

3 Apr 2017

As set out in the circular published by the Commission on 16 December 2016 [1], the MIC measures will be implemented on 18 April 2017.

To facilitate submission of the required MIC information and organisational charts by corporations applying for a licence under section 116(1) of the Securities and Futures Ordinance, the Commission has (a) revised the existing form, Supplement 8 - Business Plan and Proposed Business Activities, and (b) made a new form, Supplement 8A - Manager-ln-Charge of Core Function(s).  They can now be found on the Commission’s website for advance viewing.  Corporate licence applicants should use the revised/new licensing forms for submission of applications on or after 18 April 2017.

Revised Supplement 8 and New Supplement 8A:

For existing licensed corporations, the MIC information and organisational charts should be submitted via the SFC Online Portal. Submissions via the SFC Online Portal will commence on 18 April 2017, and should be completed by 17 July 2017.

An online demonstration clip showing the steps to submit MIC information and organisational charts via the SFC Online Portal is available on the Commission’s website.

Online Demonstration Clip:

Since February 2017, the Commission has conducted 12 industry workshops to further explain the MIC measures and the new features of the SFC Online Portal for submitting the MIC information and organisational charts.  The presentation materials from the workshop (English version only) are available for reference at Appendix.

Licensing Department
Intermediaries Division
Securities and Futures Commission

[1]  Circular to Licensed Corporations Regarding Measures for Augmenting the Accountability of
    Senior Management

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Supplementary document:

Page last updated : 3 Apr 2017