Consultations and conclusions

Our public consultation exercises help market participants understand the objectives of our proposals and allow us to consider comments from the industry when formulating regulations and standards. They also help ensure that our proposals meet the needs of the market and take the interests of the investing public into consideration.

We consistently exceed statutory requirements for consulting the public on rules we propose to make under the Securities and Futures Ordinance by consulting both on proposed non-statutory codes and guidelines and on amendments to them. To know more about how we conduct public consultations, please view our Public Consultation Procedures.

Printed copies of recent consultation papers and conclusions are available from our office.

Consultation paper Responses Consultation conclusions
Apr 2019
Joint consultation paper on enhancements to the OTC derivatives regulatory regime for Hong Kong to – (1) mandate the use of Unique Transaction Identifiers for the reporting obligation, (2) revise the list of designated jurisdictions for the masking relief of the reporting obligation and (3) update the list of Financial Services Providers under the clearing obligation
Jun 2019
View responses
Jun 2019
Joint consultation conclusions paper on annual update to the list of Financial Services Providers under the clearing obligation for OTC derivative transactions
Jan 2019
Joint Consultation Paper on a Revised Operational Model for Implementing an Uncertificated Securities Market in Hong Kong
Pending Pending
Apr 2018
Consultation on Proposed Enhancements to the Investor Compensation Regime and Related Legislative Amendments
Pending Pending
Mar 2018
Joint consultation paper on enhancements to the OTC derivatives regime for Hong Kong to– (1) mandate the use of Legal Entity Identifiers for the reporting obligation, (2) expand the clearing obligation and (3) adopt a trading determination process for introducing a platform trading obligation
Jun 2018
View responses
Jun 2018
Joint consultation conclusions paper on enhancements to the OTC derivatives regime for Hong Kong to– (1) mandate the use of Legal Entity Identifiers for the reporting obligation, (2) expand the clearing obligation and (3) adopt a trading determination process for introducing a platform trading obligation
Apr 2017
Joint consultation paper on the prescription of additional markets and clearing houses and prescription of Delta One Warrants under the OTC derivatives regulatory regime
Jun 2017
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Jun 2017
Joint consultation conclusions on the prescription of additional markets and clearing houses and the prescription of Delta One Warrants under the OTC derivatives regulatory regime
Sep 2016
Consultation on Proposed Enhancements to the Position Limit Regime and the Associated Amendments to the Securities and Futures (Contracts Limits and Reportable Positions) Rules and Guidance Note on Position Limits and Large Open Position Reporting Requirements
Mar 2017
View responses
Mar 2017
Consultation Conclusions on Proposed Enhancements to the Position Limit Regime and Associated Amendments to the Securities and Futures (Contracts Limits and Reportable Positions) Rules and the Guidance Note on Position Limits and Large Open Position Reporting Requirements
Feb 2016
Consultation conclusions and further consultation on introducing mandatory clearing and expanding mandatory reporting
Jul 2016
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Jul 2016
Further consultation conclusions on introducing mandatory clearing and expanding mandatory reporting
Nov 2015
Consultation to expand the scope of short position reporting and on the corresponding amendments to the Securities and Futures (Short Position Reporting) Rules
Feb 2016
View responses
Feb 2016
Consultation conclusions in relation to expanding the scope of short position reporting and the corresponding amendments to the Securities and Futures (Short Position Reporting) Rules
Nov 2015
Consultation on Proposed Amendments to the Guidelines for the Regulation of Automated Trading Services
Mar 2016
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Mar 2016
Consultation Conclusions on Proposed Amendments to the Guidelines for the Regulation of Automated Trading Services
Sep 2015
Consultation paper on introducing mandatory clearing and expanding mandatory reporting
Feb 2016
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Feb 2016
Consultation conclusions and further consultation on introducing mandatory clearing and expanding mandatory reporting
Nov 2014
Consultation Conclusions and Further Consultation on the Securities and Futures (OTC Derivative Transactions – Reporting and Record Keeping Obligations) Rules
May 2015
View responses
May 2015
Conclusions on Further Consultation on the Securities and Futures (OTC Derivative Transactions – Reporting and Record Keeping Obligations) Rules
Jul 2014
Consultation paper on the Securities and Futures (OTC Derivative Transactions – Reporting and Record Keeping) Rules
Nov 2014
View responses
Nov 2014
Consultation Conclusions and Further Consultation on the Securities and Futures (OTC Derivative Transactions – Reporting and Record Keeping Obligations) Rules
Jul 2012
Supplemental consultation on the OTC derivatives regime for Hong Kong - proposed scope of new/expanded regulated activities and regulatory oversight of systemically important players
Sep 2013
View responses
Sep 2013
Joint Supplemental Consultation Conclusions on the OTC Derivatives Regime in Hong Kong – Proposed Scope of New/Expanded Regulated Activities and Regulatory Oversight of Systemically Important Participants
Oct 2011
Consultation Conclusions and Further Consultation on the Securities and Futures (Short Position Reporting) Rules
Oct 2011
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Feb 2012
Conclusions on Further Consultation on the Securities and Futures (Short Position Reporting) Rules
Oct 2011
Consultation paper on the proposed regulatory regime for the over-the-counter derivatives market in Hong Kong
Oct 2011
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Jul 2012
Joint consultation conclusions on the proposed regulatory regime for the over-the-counter derivatives market in Hong Kong
May 2011
Consultation on Securities and Futures (Short Position Reporting) Rules
Jun 2011
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Oct 2011
Consultation Conclusions and Further Consultation on the Securities and Futures (Short Position Reporting) Rules
Feb 2011
Consultation Paper on Proposed Amendments to Specified Stock and Futures Exchanges
Mar 2011
View responses
May 2012
Consultation Conclusions on Proposed Amendments to Specified Stock and Futures Exchanges
Dec 2009
Joint consultation paper on a proposed operational model for implementing a scripless securities market in Hong Kong
Jan 2010
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Sep 2010
Joint Consultation Conclusions on a proposed operational model for implementing a scripless securities market in Hong Kong
Jul 2009
Consultation on increasing short position transparency
Aug 2009
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Mar 2010
Consultation Conclusions on Increasing Short Position Transparency
Feb 2009
Consultation paper on proposed changes to the definition of "dealing in futures contracts"
Mar 2009
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Jul 2009
Consultation conclusions paper: Proposed amendments to allow remote participants in the futures market
Nov 2007
A Consultation Paper on the Proposal to Mandate Electronic Submission of Disclosure of Interests Notices
Dec 2007
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Apr 2008
Consultation Conclusions on the Proposal to Make Electronic Submission of Disclosure of Interests Notices Mandatory Hong Kong
Nov 2007
Consultation Paper on Electronic Submission of Finanical Returns
Nov 2007
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Mar 2008
Consultation Conclusion on Electronic Submission of Finanical Returns
May 2007
A Consultation Paper on Proposed Amendments to the Securities and Futures (Contracts Limits and Reportable Positions) Rules and Proposed Corresponding Amendments to the Guidance Note on Position Limits and Large Open Position Reporting Requirements
Jun 2007
View responses
Sep 2007
Consultation Conclusions on Proposed Amendments to the Securities and Futures (Contracts Limits and Reportable Positions) Rules and Proposed Corresponding Amendments to the Guidance Note on Position Limits and Large Open Position Reporting Requirements
Nov 2005
A Healthy Market for Informed Investors - A Report on the Derivative Warrants Market in Hong Kong
Dec 2005
View responses
Mar 2006
Hong Kong's Derivative Warrants Market - the Way Forward, Results of the Consultation on the SFC's Six-Point Plan
Dec 2004
A Consultation Paper on the Review of the Level and Funding of the Investor Compensation Fund, Broker Defaults since 1998 and the Operation of the Investor Compensation Arrangements
Jan 2005
View responses
Mar 2005
Consultation Conclusions on the Review of the Level and Funding of the Investor Compensation Fund, Broker Defaults since 1998 and the Operation of the Investor Compensation Arrangements
Sep 2003
Securities and Futures Ordinance - Consultation on the Securities and Futures (Contracts Limits and Reportable Positions) (Amendment) Rules 2003 and proposed revisions to the Guidance Note on Position Limits and Large Open Position Reporting Requirements
Sep 2003
View responses
Mar 2004
Consultation Conclusions on the Securities and Futures (Contracts Limits and Reportable Positions)(Amendment) Rules 2003 and proposed amendments to the Guidance Note on Position Limits and Large Open Position Reporting Requirements
Jan 2003
Consultation Paper on the Proposed Revisions to the Guidelines for Registered Persons Using the Internet to Collect Applications for Securities in an Initial Public Offering
Feb 2003
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Apr 2003
Consultation Conclusions on the Draft Guidelines for Persons Using the Internet to Collect Applications for Securities in a Public Offering
Jan 2003
Consultation Paper on the Guidance Note on Position Limits and Large Open Position Reporting Requirements
Feb 2003
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Mar 2003
Consultation Conclusions on the Guidance Note on Position Limits and Large Open Position Reporting Requirements
May 2002
Consultation Paper on the Securities and Futures (Short Selling Exemption and Stock Lending) Rules
Jun 2002
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Jul 2002
Consultation Conclusions on the Draft Securities and Futures (Short Selling Exemption and Stock Lending) Rules
Mar 2002
Consultation Paper on the Securities and Futures (Gold Purchase) Notice
Apr 2002
View responses
Jun 2002
Consultation Conclusions on the Draft Securities and Futures (Gold Purchase) Notice
Mar 2002
A Consultation Paper on i) Securities and Futures (Investor Compensation) Rules, ii) Securities and Futures (Investor Compensation - Compensation Limits) Rules, iii) Securities and Futures (Transfer of Functions - Investor Compensation Company) Order, and iv) Securities and Futures (Investor Compensation - Miscellaneous) Rules
- - Jun 2002
Consultation Conclusions on the
i) Securities and Futures (Investor Compensation - Levy) Rules,
ii) Securities and Futures (Investor Compensation - Compensation Limits) Rules,
iii) Securities and Futures (Transfer of Functions - Investor Compensation Company) Order, and
iv) Securities and Futures (Investor Compensation - Claims) Rules
Mar 2002
A Consultation Paper on the Securities and Futures (Contracts Limits and Reportable Positions) Rules
- - Apr 2002
Consultation Conclusions on the Draft Securities and Futures (Contract Limits and Reportable Positions) Rules
Feb 2002
Consultation Paper on Proposals for a Scripless Securities Market
Apr 2002
View responses
Sep 2003
Consultation Conclusions on Proposals for a Scripless Securities Market
Aug 2001
A Consultation Paper on the Draft Code of Conduct for Share Registrars
- - Oct 2001
Consultation Conclusions on the Draft Code of Conduct for Share Registrars
Mar 2001
Consultation Paper on Draft Guidelines for the Regulation of Automated Trading Services
- - Feb 2002
Consultation Conclusions on Draft Guidelines for the Regulation of Automated Trading Services
Mar 2001
Proposed New Investor Compensation Arrangements
- - Mar 2002
Consultation Conclusions on Proposed New Investor Compensation Arrangements
Feb 2001
A Consultation Paper on the Securities and Futures Bill - Part XV Forms Proposed for Disclosure of Interests
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Dec 2000
A Consultation Paper on the Regulation of On-line Trading of Securities and Futures
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Sep 1998
A Consultation Paper on New Investor Compensation Arrangements for Hong Kong
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Feb 1997
Report of the Securities and Futures Commission Working Group on Automated Trading Systems - Public Consultation
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