A securities licence, also known as an SFC licence, is required for anyone who wants to provide investment or wealth management services in Hong Kong. It’s regulated by the Securities and Futures Commission SFC, which is the city’s leading financial regulatory body.
To acquire an SFC licence, one must fulfill specific requirements. Firstly, candidates must possess relevant qualifications and experience to satisfy the SFC. Also, potential candidates must not have any criminal convictions concerning dishonesty, fraud, or financial misconduct.
The licence requirements may vary depending on the type of regulated activities you provide. There are currently types 1, 2, 4, 5, 6, 7, 9 and 10 regulated activities.
Once you have obtained the SFC licence, it’s imperative to ensure that you adhere to the regulations to maintain its validity. The SFC regularly assesses the licensee’s conduct and compliance with regulatory requirements.
Lastly, it’s essential to note that employers must also meet their obligations under the Securities and Futures Ordinance SFO. Employers must ensure their staff members comply with the SFO and SFC’s Code of Conduct.
Having an sfc license is very important for anyone who wants to work in the financial industry in Hong Kong. The Securities and Futures Commission (SFC) is in charge of regulating this license.
The SFC licence is critical to individuals and firms operating in Hong Kong’s financial sector. The licence ensures that they operate within a regulatory framework designed to protect investors and maintain Hong Kong’s position as a leading global financial center.