Financial resources rules and financial return

(Q1, 15 and 16 were updated on 24 February 2022)
(Q2 to Q14 and Q17 to Q21 were outdated and removed on 24 February 2022)
(Q5A and Q22 to 25 were newly added on 24 February 2022)

Submission

Q1 : What is an "Electronic Signature"?

A: “Electronic Signature” refers to a signature authenticated in accordance with our directions and instructions for the use of the online communication system, ie, a signature obtained by using the WINGS mobile app to scan the QR code displayed on WINGS platform when the financial returns is successfully uploaded.

Q2 : Outdated FAQ removed on 24 February 2022

Q3 : Outdated FAQ removed on 24 February 2022

Q4 : Outdated FAQ removed on 24 February 2022

Q5 : Outdated FAQ removed on 24 February 2022

Q5A: What system should be used for submitting financial returns?

A: With effect from 1 February 2022, financial returns should be submitted electronically through WINGS. You may access WINGS anytime, other than the scheduled system maintenance.

SFC e-Certificates

Q6 : Outdated FAQ removed on 24 February 2022

Q7 : Outdated FAQ removed on 24 February 2022

Q8 : Outdated FAQ removed on 24 February 2022

Q9 : Outdated FAQ removed on 24 February 2022

Q10 : Outdated FAQ removed on 24 February 2022

Q11 : Outdated FAQ removed on 24 February 2022

Q12 : Outdated FAQ removed on 24 February 2022

Q13 : Outdated FAQ removed on 24 February 2022

Q14 : Outdated FAQ removed on 24 February 2022

Internet Submission

Q15 : Will it be secure if I submit financial return through the Internet?

Appropriate security measures have been used in WINGS platform and WINGS mobile app for the submission of financial returns, e.g. traffic packets level encryption and dual authentication using WINGS mobile app.

Q16 :
Do I need any special computer and mobile phone set up for the electronic submission of financial returns through WINGS?

A: Please refer to the requirements specified in the Electronic submission of financial returns user guide posted on the SFC’s website. The requirements are briefly summarized as follows:

Computer requirement:
- installed with the latest version of Microsoft Excel application;
- installed with the latest versions of the Internet browsers namely Microsoft Edge or Google Chrome; and
- with broadband internet connection.

Mobile phone requirement:
- installed with the latest WINGS mobile app, which is available for download from Apple's App Store and Google's Play Store free of charge.

Q17 : Outdated FAQ removed on 24 February 2022

Q18 : Outdated FAQ removed on 24 February 2022

Q19 : Outdated FAQ removed on 24 February 2022

Others

Q20 : Outdated FAQ removed on 24 February 2022

Q21 : Outdated FAQ removed on 24 February 2022

E-signing and WINGS User Account

Q22 : How can I obtain a WINGS User Account to submit financial returns?

A: You should register a WINGS User Account via WINGS. If you are a Responsible Officer or an officer approved for signing financial returns on behalf of a licensed corporation, you will receive an activation email. You would only be able to submit financial returns via WINGS after creating your WINGS User Account or upgrading your existing WINGS User Account using the link contained in the email with the subject “SFC - Activate your WINGS individual account”.

If your WINGS User Account has been activated accordingly, both your name and CE number will be displayed at the top right-hand corner of the screen after you logged on to WINGS.

Q23 : How can I e-sign the financial returns?

Please refer to the IS e-circular issued on 17 December 2020 and the Electronic submission of financial returns user guide posted on the SFC’s website. In brief,

You should have a WINGS User Account and register the WINGS mobile app with your WINGS User Account.

To e-sign the financial returns, you should use the "scan QR code" function in the WINGS mobile app to scan the QR code displayed on WINGS platform when your financial return is successfully uploaded.

Q24 : What should I do if I have lost my WINGS account activation email?

You can obtain it by:
(i) Going to the “Sign In” page on WINGS homepage;
(ii) Selecting “Lost your account activation letter/email?”; and
(iii) Filling in the required information

Q25 :
How to enable the permission right of a responsible officer to e-sign the financial returns via WINGS?

A: The WINGS platform's Corporate Administrators of a licensed corporation are responsible for enabling and disabling the permission right of any responsible officers and approved signers to e-sign financial returns on behalf of the firm. Please refer to the Corporate Account Administration User Guide and video clips posted on the SFC’s "Online Demo" webpage for details.

Note 1: Any responsible officer who has the SFC e-Certificate for e-signing financial returns in the previous Electronic FRR Submission system and any responsible officer who is the Overall Management Oversight under the Manager-In-Charge regime (OMO) are automatically granted with the right to e-sign financial returns on the WINGS platform with effect from 1 February 2022.

Note 2: A newly approved responsible officer who is also the OMO will be granted with the right to e-sign financial returns by default while other newly approved responsible officer(s) will not be granted with the right automatically.

Note 3: Licensed corporation is reminded to maintain at least two individuals (responsible officer or approved signer) with the permission right to e-sign financial returns of the firm.

Last update: 24 Feb 2022