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SFC

SFC

The Securities and Futures Commission (SFC) is an independent statutory body set up in 1989 to regulate the city’s securities and futures markets. It works to ensure orderly securities and futures market operations, to protect investors and help promote Hong Kong as an international financial centre and a key financial market in China. It is funded by levies on transactions conducted on the Stock Exchange of Hong Kong and the Hong Kong Futures Exchange, and by licence fees..

Exchange Square in Central. For stockbrokers and fund managers, the devil is in the detail of the new SFC regulation. Photo: David Wong

New SFC rule confuses brokers, fund managers

A new regulation requiring Hong Kong’s stockbrokers and fund houses to appoint a specific individual to head up each of eight “core functions” is giving managers some sleepless nights.

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