Securities & Futures Commission of Hong Kong

SFO amendment history

 Legislative amendments of the SFO

Amended by

Gazette

Description

Legislative Council Brief

Consultation Paper

Consultation Conclusions

Securities and Futures Ordinance

Ord. No.5 of 2002 (Originally) PDF

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Interpretation and General Clauses Ordinance

L.N. 106 of 2002

Consequential amendments to section 1(2), section 406(1), Schedule 8 and Schedule 10 of SFO relating to “Secretary”

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Securities and Futures Ordinance (Amendment of Schedule 10) Order 2002

L.N. 226 of 2002

Amendments to Schedule 10 of SFO

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Securities and Futures Ordinance (Amendment of Schedule 8) Order 2002

L.N. 231 of 2002

Amendments to Schedule 8 of SFO

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Law Amendment and Reform (Miscellaneous Provisions) Ordinance 2003

Ord. No.14 of 2003

Amendment to Schedule 1, in Part 1, in section 1 of SFO, the definition of “the Commissioner of ICAC”

PDF

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Companies (Amendment) Ordinance 2003

Ord. No.28 of 2003

Consequential amendments to section 51(3) of SFO

PDF

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Rectification of Errors Order 2004

L.N. 29 of 2004

Amendments to section 409 of SFO

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Deposit Protection Scheme Ordinance

Ord. No.7 of 2004

Amendments to Part XII of SFO regarding the restriction on entitlement to compensation

PDF

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Professional Accountants (Amendment) Ordinance 2004

Ord. No.23 of 2004

Consequential amendments to sections 23, 174(2)(a), 175, 378 and Schedule 1, Part 1, section 1, Schedule 5, Part 2 and Schedule 7 of SFO

PDF

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Companies (Amendment) Ordinance 2004

Ord. No.30 of 2004

Consequential amendments to sections 103, 116(2)(a)(i) & (iii), 148(2)(d), 164(3)(c), 175, 193(1), 400(c) and Schedule 1, Part 1, section 1 and Schedule 10 of SFO

PDF

Statutes Law (Miscellaneous Provisions) Ordinance 2005

Ord. No.10 of 2005

Consequential amendments to SFO

PDF

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Securities and Futures Ordinance (Amendment of Schedule 5) Notice 2005

L.N. 197 of 2005

Amendments to Schedule 5 of SFO

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Securities and Futures (Amendments) Ordinance

Ord. No.15 of 2006

Amendments to sections 11(1), 15(2)(b), 240(4), Part 1 of Schedule 1 and Part 1 of Schedule 2 of SFO

PDF

Financial Reporting Council Ordinance

Ord. No.18 of 2006

Consequential amendments to section 257(1) and 378(3)(f) of SFO

PDF

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Companies (Amendment) Ordinance 2010

Ord. No.12 of 2010

Amendments to section 397 of SFO

PDF

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Securities and Futures Ordinance (Amendment of Schedule 5) Notice 2011

L.N. 28 of 2011

Amendment to SFO, Schedule 5, Part 2 by adding credit rating companies

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Securities and Futures and Companies Legislation (Structured Products) Ordinances

Ord. No.8 of 2011

Amendments to sections 102-108, 111, 182, 213, 379, 392, 407, Schedule 1, Schedule 8 and Schedule 10 of SFO

PDF

Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance

Ord. No. 15 of 2011

Consequential amendments to sections 13, 180, 378 and Schedule 1 of SFO

PDF

Securities and Futures (Amendment) Ordinance 2012

Ord. No. 9 of 2012

Adding new section of Part XIVA

PDF

Securities and Futures Ordinance (Amendment of Schedule 1) Notice 2012

L.N.94 of 2012

Amendment to SFO, Schedule 1, Parts 2 & 3

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Companies Ordinance

Ord. No. 28 of 2012

Consequential Amendments to SFO, Schedule 1, Schedule 5, Schedule 7, Schedule 8, Schedule 10 of the SFO, SF (Licensing and Registration)(Information) Rules - Cap.571S, SF (Miscellaneous) Rules - Cap.571U, SF (Price Stabilizing) Rules - Cap.571W, SF (Contracts Limits and Reportable Positions) Rules - Cap.571Y, SF (Levy) Rules - Cap.571AA, SF (Investor Compensation-Levy) Rules- Cap.571AB, SF (Transfer of Functions-Investor Compensation Company) Order - Cap.571AD, SF (Transfer of Functions-Stock Exchange Company) Order - Cap.571AE, SF (Fees) Rules - Cap.571AF, SF (Disclosure of Interests-Exclusions) Regulation - Cap.571AG

PDF

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Securities and Futures (Amendment) Ordinance 2014

Ord. No. 6 of 2014

Amendments to the SFO in relation to OTC Derivative Transactions - Reporting, Clearing, Trading, Record Keeping Obligations, Powers of Monetary Authority of Investigation and Disciplinary Action by Monetary Authority and also amendments relating to protections under Part III of the SFO.

Amendments relating to Electronic Filing and Disgorgement Orders for Market Misconduct Offences are in Part 4 and Part 5 of the Amendment Ordinance

PDF

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Securities and Futures (Amendment) Ordinance 2014

(Commencement) Notice 2016

L.N. 27 of 2016

Commencement Notice of specific sections of Securities and Futures (Amendment) Ordinance 2014

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Securities and Futures and Companies Legislation (Uncertificated Securities Market Amendment) Ordinance 2015

Ord. No. 5 of 2015

Amendments to the SFO (in particular, amended the SFO by adding Part IIIAA) to facilitate the establishment and implementation of an uncertificated securities market regime in Hong Kong

Also, amendments to the Companies Ordinance and other enactments are in Part 3 and Part 4 of the Securities and Futures and Companies Legislation (Uncertificated Securities Market Amendment) Ordinance 2015

PDF

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Insurance Companies (Amendment) Ordinance 2015

Ord. No. 12 of 2015

Consequential Amendments to sections 129, 179, 180, 308, 378, 381, Schedule 1 and Schedule 5 of the SFO

Also, there are consequential amendments to section 2 of the SF (Investor Compensation - Claims) Rules (Cap.571T) and section 2 of the SF (Insurance) Rules (Cap.571AI)

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Securities and Futures (Amendment) Ordinance 2015

Ord. No. 19 of 2015

Amendments to the SFO in relation to Printed Licences and Certificates of Registration; SF (Licensing and Registration) (Information) Rules; SF (Miscellaneous) Rules; SF (Fees) Rules; SF (Levy) Order and relating to Supervisory Assistance to Regulators outside Hong Kong and Disclosure of Information by Recognized Exchange Company.

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To view the current and previous versions of the amended provisions of the Securities and Futures Ordinance (SFO) and its subsidiary legislation, please refer to the Hong Kong e-Legislation (HKeL) operated by the Department of Justice (DoJ) of the Hong Kong Special Administrative Region Government.

Disclaimer: How content is arranged in HKeL is solely the remit of DoJ. The SFC has no control over and takes no responsibility for the availability and searchability of such information.

Derivation table
 

The derivation table contains some old provisions from which the various sections of Securities and Futures Ordinance (SFO) were derived. Equivalent clauses of the Blue Bill (including clauses added during the Committee Stage of Legislative Council deliberations) are also given in the table. 

Transitional materials

 Securities and Futures Bill (1996/97 Draft) and consultation documents 

 Consultation documents on subsidiary legislation under the Securities and Futures Bill 

  Enabling provision in the Securities and Futures Ordinance Subsidiary Legislation Consultation Paper/ Commencement of Consultation/Close of Consultation Consultation Conclusion Paper LegCo Brief on Subsidiary Legislation Gazetted Version
    Part III        
1. Section 25(1) (Transfer of Functions - Stock Exchange Company) Order Begins: 06.05.02
Ends: 07.06.02
24.07.02 PDF 13.12.02
2. Section 35(1) (Contracts Limits and Reportable Positions) Rules Begins: 28.03.02
Ends: 16.04.02


Begins: 17.09.03
Ends: 15.10.03
19.04.02 PDF 13.12.02

05.03.04
(Contracts Limits and Reportable Positions) (Amendment) Rules 2004
  Guidance Note on Position Limits and Large Open Position Reporting Requirements Begins: 24.01.03
Ends: 25.02.03


Begins: 17.09.03
Ends: 15.10.03
    02.03.04
Proposed amendments to the Guidance Note on Position Limits and Large Open Position Reporting Requirements
3. Section 36(1) (Stock Market Listing) Rules Begins: 06.05.02
Ends: 07.06.02


Begins: 07.01.05
Ends: 31.03.05
24.07.02 PDF 13.12.02
4. Section 80(1) (Transfer of Functions - Investor Compensation Company) Order Begins: 28.03.02
Ends: 25.04.02
05.06.02 PDF 13.12.02
    Part V        
5. Section 116(5) (Insurance) Rules Begins:26.06.02
Ends: 25.07.02
13.09.02 PDF 17.01.03
6. Section 118(2) (LFET (Arbitration)) Rules Begins:28.03.02
Ends: 16.04.02
19.04.02 PDF 29.11.02
7. Sections 128(3), 135(3), 136(2) & 397 Licensing and Registration) (Information) Rules
formerly named
(Intermediary Information) Rules
formerly named
(Licensed Persons and Registered Institutions) Rules
Begins: 19.07.02
Ends: 08.08.02


Begins: 16.11.01
Ends: 17.12.01
13.09.02
18.04.02
PDF

PDF (Annex)

13.12.02
    Part VI        
8. Section 145(1) (Financial Resources) Rules Begins:14.06.02
Ends: 12.07.02
11.10.02 PDF 13.12.02
9. Section 148(1) (Client Securities) Rules Begins: 12.04.01
Ends: 24.05.01
11.07.02 PDF 06.12.02
10. Section 149(1) (Client Money) Rules Begins: 12.04.01
Ends: 24.05.01
11.07.02 PDF 06.12.02
11. Section 151(1) (Keeping of Records) Rules Begins: 15.02.02
Ends: 15.03.02
11.07.02 PDF 13.12.02
12. Section 152(1) (Contract Notes, Statements of Account and Receipts) Rules
formerly named
(Contract Notes, Receipts and Statements of Account) Rules
Begins: 28.09.01
Ends: 09.11.01
06.06.02 PDF 13.12.02
13. Sections 156(1) & 397(1) (Accounts and Audit) Rules Begins: 21.12.01
Ends: 31.01.02
11.07.02 PDF 13.12.02
14. Sections 165(1) & 397(1) (Associated Entities - Notice) Rules
formerly named
(Associated Entities) Rules
Begins: 22.03.02
Ends: 19.04.02
30.05.02 PDF 06.12.02
    Part VII        
15. Sections 170(3)(e) & 397(1) (Short Selling and Securities Borrowing and Lending (Miscellaneous)) Rules
formerly named
(Short Selling Exemption and Stock Lending) Rules
Begins: 24.05.02
Ends: 21.06.02
11.07.02 PDF 13.12.02
16. Sections 174(3)(d) & 397(1) (Unsolicited Calls - Exclusion) Rules Begins: 19.10.01
Ends: 19.11.01
15.03.02 PDF 29.11.02
    Part IX        
17. Sections 194(5) & 397(1) (Registration of Commission Disciplinary Orders) Rules
formerly named
(Registration of Disciplinary Orders) Rules
Begins: 27.03.02
Ends: 24.04.02
05.06.02 PDF 29.11.02
    Part XI        
18. Section 233(d) (Securities and Futures Appeals Tribunal) Rules        
19. Sections 226 & 233(b) (Registration of Appeals Tribunal Orders) Rules
formerly named
(Appeals Tribunal - Registration of Orders) Rules
See the consultation paper on the (Registration of Commission Disciplinary Orders) Rules
*Item 17
See the consultation conclusion paper on the (Registration of Commission Disciplinary Orders) Rules
*Item 17
PDF 06.12.02
20. Section 234 (Amendment of Schedule 8) Order 2002
formerly named
(Amendment of Schedule 8) Order

 

Begins: 05.08.02
Ends: 26.08.02
12.09.02 PDF 13.12.02
    Part XII        
21. Section 244(1) (Investor Compensation - Levy) Rules
formerly named
(Investor Compensation) Rules
Begins: 28.03.02
Ends: 25.04.02
05.06.02 PDF 13.12.02
22. Section 244(1) (Investor Compensation - Compensation Limits) Rules Begins: 28.03.02
Ends: 25.04.02
05.06.02 PDF 13.12.02
23. Section 244(2) (Investor Compensation - Claims) Rules
formerly named
(Investor Compensation - Miscellaneous) Rules
Begins: 28.03.02
Ends: 25.04.02
05.06.02 PDF 13.12.02
    Part XIII        
24. Sections 264 & 269(b) (Registration of Market Misconduct Tribunal Orders) Rules
formerly named
(Market Misconduct Tribunal - Registration of Orders) Rules
See the consultation paper on the (Registration of Commission Disciplinary Orders) Rules
*Item 17
See the consultation conclusion paper on the (Registration of Commission Disciplinary Orders) Rules
*Item 17
PDF 06.12.02
25. Sections 282(1) & 306(1) (Price Stabilizing) Rules
formerly named
Market Misconduct (Exemption for Stabilization Activities) Rules
Begins: 08.02.02
Ends: 08.03.02
09.07.02 PDF 13.12.02
12.12.03
(Price Stabilizing) (Amendment) Rules
    Part XV        
26. Section 376(1)(b) (Disclosure of Interests - Exclusions) Regulations Begins: 16.05.02
Ends: 08.06.02
12.07.02 PDF 13.12.02
27. Section 377 (Disclosure of Interests - Securities Borrowing and Lending) Rules Begins: 19.12.01
Ends: 26.01.02
12.07.02 PDF 13.12.02
    Notice of Recognition of Places        
    List of approved lending agents        
    Part XVI        
28. Section 393 (Collective Investment Schemes) Notice
formerly named
(Gold Purchase) Notice
Begins: 25.03.02
Ends: 22.04.02
03.06.02 PDF 06.12.02
29. Section 394(1) (Levy) Order Begins: 03.04.02
Engs: 30.04.02
05.06.02 PDF 13.12.02
30. Section 394(5) (Levy) Rules Begins: 03.04.02
Ends: 30.04.02
05.06.02 PDF 13.12.02
31. Section 395 (Fees) Rules Begins: 30.07.02
Ends: 24.08.02
16.09.02 PDF 13.12.02
  Proposed Licensing Fees under the Securities and Futures (Fees) Rules Begins: 08.03.02
Ends: 08.04.02
30.07.02    
32. Sections 397(1) (Miscellaneous) Rules Begins: 02.07.02
Ends: 26.07.02
12.09.02 PDF 13.12.02
33. Section 397(1) (LFET - Exemption) Rules Begins: 05.06.02
Ends: 26.06.02
11.07.02 PDF 29.11.02
34. Section 397(1) (Professional Investor) Rules Begins: 01.02.02
Ends: 28.02.02
04.06.02 PDF 29.11.02
35. Section 397(1) (Recognized Counterparty) Rules Begins: 30.11.01
Ends: 29.12.01
23.04.02 PDF 29.11.02
36. Section 397(1) (Exempted Instruments - Information) Rules
formerly named
(Information) Rules
Begins: 19.03.02
Ends: 16.04.02
19.04.02 PDF 29.11.02
37. Section 398(6) (Offences and Penalties) Regulations Begins: 26.07.02
Ends: 16.08.02
13.09.02 PDF 13.12.02
    Part XVII        
38. Section 409 (Amendment of Schedule 10) Order 2002     PDF 13.12.02
  Others
39.   Companies Ordinance (Exemption of Companies and Prospectuses from Compliance with Provisions) (Amendment) Notice 2002     PDF 06.12.02
40.   SFO (Cap.571) (Commencement) Notice       17.01.03
41.   SFO (Cap.571) (Appointment of Day - Repeal of Ordinances) Notice       17.01.03
42.   SFO (Cap.571) (Appointment of Day - Unified Exchange Compensation Fund) Notice       17.01.03
43.   SFO (Cap.571) (Appointment of Day - Futures Exchange Compensation Fund) Notice       17.01.03

 Others 

Date Documents
06.12.2002 Companies Ordinance (Exemption of Companies and Prospectuses from Compliance with Provisions) (Amendment) Notice 2002
17.01.2003 SFO (Cap.571) (Commencement) Notice
17.01.2003  SFO (Cap.571) (Appointment of Day - Repeal of Ordinances) Notice 
17.01.2003  SFO (Cap.571) (Appointment of Day - Unified Exchange Compensation Fund) Notice
17.01.2003 SFO (Cap.571) (Appointment of Day - Futures Exchange Compensation Fund) Notice
4.4598 s