We have launched this Regulatory Handbook in conjunction with the recent enactment of the new Securities and Futures Ordinance. The Handbook incorporates all the latest regulatory codes, guidelines and approaches in an easily accessible and user-friendly place. We hope that financial intermediaries, investors and all interested parties will find this Handbook useful. The Handbook will regularly be updated on our website at www.sfc.hk .

Comments and suggestions for its improvement should be sent to enquiry@sfc.hk

Andrew Sheng
Chairman
Securities and Futures Commission
15 May, 2002