| We regulate |
How we do it |
|
Licensed corporations and individuals carrying out
the following regulated activities:
- Dealing in securities
- Dealing in futures contracts
- Leveraged foreign exchange trading
- Advising on securities
- Advising on futures contracts
- Advising on corporate finance
- Providing automated trading services
- Securities margin financing
- Asset management
- Providing credit rating services
|
- Set licensing standards to ensure that all practitioners
are fit and proper
- Approve licences and maintain a public register
of licensees
- Issue codes and guidelines to inform the industry
of its expected standard of conduct
- Monitor licensees' financial soundness
and compliance with ordinance, codes, guidelines,
rules and regulations
- Handle misconduct complaints against licensees
- Investigate and take action against misconduct
The paper entitled “Regulatory Framework for Intermediaries" outlines the role we play, the approach we take, as well as our underlying philosophy. The paper “Approach to Supervision of Intermediaries” focuses on the detailed processes underpinning our supervision of intermediaries.
|
Investment products offered to the public |
- Set standards for the authorisation and regulation
of investment products
- Authorise investment products offered to the public
and their promotion (including advertisements and
marketing materials)
|
| Listed companies |
- Approve changes to the Listing Rules
- Monitor announcements and vet listing application
materials under the Dual Filing regime
- Administer the Codes on Takeovers and Mergers and
Share Repurchases
- Consider requests for exemptions from prospectus
requirements under the Companies Ordinance
- Enquire into listed companies' suspected
prejudicial or fraudulent transactions or provision
of false or misleading information to the public
|
| Hong Kong Exchanges and Clearing Limited
(HKEx) |
- Oversee the performance of its role as the frontline
regulator of listingrelated matters
- Approve the creation of new markets, new products
and changes to its rules and regulations
- Monitor HKEx's own compliance with
the Listing Rules
- Monitor the trading of shares, options and futures
on its markets
- Oversee its systems and technology
|
| Approved share registrars |
- Approve the Federation of Share Registrars as an
association whose members shall be approved share
registrars
- Require approved share registrars to comply with
the requirements of the Code of Conduct for Share
Registrars
|
| Investor Compensation Company Limited (ICC) |
- Recognise the ICC as an independent compensation
company
- Approve the rules and any amendment of rules of
the ICC
- Require the ICC to prepare and regularly submit
financial statements, auditors' report
and other documents to the SFC
|
| All participants in trading activities |
- Monitor unusual market movements and direct trade
suspension of related stocks to maintain an informed
and orderly market
- Investigate and take action against market misconduct
and other breaches of the law
|
