Securities & Futures Commission of Hong Kong

Accounts and Audit Rules

(Q1 was updated on 29 May 2020)
(Q2 and Q4 to Q9 were outdated and removed on 29 May 2020)

Q1:

Is a registered institution required to submit the financial statements and other documents which include a business and risk management questionnaire specified under section 3(1) of the Accounts and Audit Rules for the purpose of compliance with section 156(1) of the SFO?

A:

No. Section 156 of the SFO only sets out the reporting requirements for licensed corporations and associated entities of intermediaries. Therefore, the Accounts and Audit Rules which are made under section 156 of the SFO are not applicable to registered institutions.

Section reference: 156(1) of the SFO

Q2:

Outdated FAQ removed on 29 May 2020

A:
Q3:

Is a licensed corporation required to submit all 8 audited financial returns specified under section 3(1)(b) of the Accounts and Audit Rules?

A:

No. A licensed corporation is only required to submit the audited financial returns applicable to its business activities. For example, if a licensed corporation does not engage in securities margin financing business, it is not required to submit the audited analysis of margin clients and the analysis of collateral received from margin clients.

Section reference: 3(1)(b)

Q4:

Outdated FAQ removed on 29 May 2020

A:
Q5:

Outdated FAQ removed on 29 May 2020

A:
Q6:

Outdated FAQ removed on 29 May 2020

A:
Q7:

Outdated FAQ removed on 29 May 2020

A:
Q8:

Outdated FAQ removed on 29 May 2020

A:
Q9:

Outdated FAQ removed on 29 May 2020

A:
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