Hong Kong SFC regulation of electronic trading Fidessa..

The SFC’s amendments to the Code of Conduct will directly affect both Hong Kong licensed firms e.g. brokers and Hong Kong licensed fund managers who conduct electronic trading. Indirectly affected will be any users of electronic trading systems provided by a Hong Kong SFC licensed broker e.g. non Hong Kong registered buy-sides trading.Special Administrative Region "Hong Kong SAR" and Introducing Broker. such information to the relevant exchange, clearing house, regulator or other.The Hong Kong Chapter to Banking Regulation 2019 6th edition deals with issues relating toIntroduction,Regulatory architecture Overview of banking regulators and key regulations,Recent regulatory themes and key regulatory developments in Hong Kong,BankIC Markets Introducing Broker IB program is designed to remunerate introducers with no limits on the number of referred. ASIC licensed and regulated Broker. Fx brokers manchester. BOCI Securities Limited (“BOCI Securities”) is one of the leading brokers in the financial industry aiming to provide superior local and overseas securities and futures trading services through various...BWC Capital Markets (BWC) is an integrated one-stop financial service provider, established in 2009.The three businesses within BWC group have their own business traits and expertise. Our Introducing Broker Program is a great opportunity for any individual or organization to generate revenue through introducing clients to Amana.

Banking Laws and Regulations Hong Kong GLI

It is built on a flexible rebate structure that is carefully studied to offer you the best rewards possible.As an IB, your role is to introduce clients to Amana, which in return will be responsible of your clients' trading execution.Upon trading, you will receive a rebate whenever your introduced clients open and close trades. Kit car handel deutschland. You will be offered superior incentives and unparalleled business opportunities just by being an active Introducing Broker with Amana.You will also benefit from continuous support in various segments including marketing, sales, administration, etc..If you have a decent understanding of the trading industry and if you’re well aware of the dynamics of the global financial market, we trust you with introducing our company to your designated prospects.

Provision of introducing brokerage services, TCSCL may bill the Client directly for. ANY BREACH OF REGULATION BY IB WHETHER OF THE HONG KONG.Swissquote Bank _ Swissquote Bank Ltd is a recognised bank regulated by the Swiss Financial Market Supervisory Authority FINMA. Swissquote Group services over 300,000 accounts worldwide from its multiple locations in Switzerland Gland, Bern, Zurich and Dubai, London, Malta and Hong Kong*.The Hong Kong Confederation of Insurance Brokers is an approved body of insurance brokers to implement self-regulation of insurance brokers in Hong Kong. We aim to ensure the highest level of professional conduct among our members and to provide the community with a class of insurance brokers whom they can rely upon. Banc de swiss kritik. Is authorised and regulated by the Financial Conduct Authority FCA registration no. and is a registered Independent Introducing Broker. Marex Hong Kong Limited's principal place of business is suite 1107, ICBC Tower, Citibank Plaza.In an introducing broker collaboration model, we take care of all processes from. Singapore, Shanghai, Hong Kong, Switzerland and Dubai, we can deliver the.The SFC is introducing certain new conduct requirements as. with the regulated CFA requirement, Hong Kong-licensed introducing brokers.

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Hong Kong's SFC reminds prime brokers about their regulatory obligations. If clients are serviced in Hong Kong, PBs are expected to comply.MultiBank offers a range of award-winning MT4 & MT5 and mobile app trading platforms. Open a LIVE account to trade Forex, Shares, Stocks, Gold, Oil, CFDs.Interactive Brokers LLC IB is a U. S.-based brokerage firm. It operates the largest electronic. IB is regulated by the U. S. Securities and Exchange Commission, the Financial. correspondent clearing services to 200 introducing brokers worldwide. In 1996, Timber Hill Securities Hong Kong Limited was incorporated and. Forex peace army alpari uk. A Each introducing broker must 1 Open and carry each customer's account with a carrying futures commission merchant on a fully-disclosed basis Provided, however, That an introducing broker which has entered into a guarantee agreement with a futures commission merchant in accordance with the provisions of § 1.10j must open and carry such customer's account with such guarantor futures.Hong Kong's Securities and Futures Commission "SFC" has warned introducing and execution brokers to stay on top of their licensing, conduct and anti-money laundering "AML" requirements, after recent on-site inspections by the regulator identified a number of breaches and cases of non-compliance. In a recent circular to the industry, the regulator said both types of brokerBest HKSFC Regulated Brokers. Those of you living in Hong Kong who want to start Forex trading would be advised to look for HKSFC regulated brokers. This is because such a broker will be obliged to follow the rules and regulations laid down by this regulatory body, and have your interests at the heart of operations. What is the HKSFC?

Any individual who carries on a regulated activity on behalf of the corporation will be required to be licensed as a representative accredited to the corporation.The individual will need to satisfy the SFC that he or she is a fit and proper person to be licensed and that grant of the licence will not prejudice the interests of the investing public.A licensed representative may be accredited to more than one licensed corporation. [[When applying for a licence, an application for approval of the premises to be used by the corporation for keeping records or documents required under the SFO will also need to be lodged.The SFC will refuse to grant a licence to carry on a regulated activity unless the applicant satisfies the SFC that: The insurance requirement is currently only applicable to companies licensed by the SFC for certain regulated activities (types 1 or 2), which are also exchange participants.Further details of the Fit and Proper Guidelines, Competence Requirements and the Financial Resources Rules are set out in the Appendix 1.

Forex Brokers - Hong Kong SFC Licensees with Type 3.

Copies of the SFC's prescribed forms are also available on the SFC's website at: addition to completion of the relevant application forms, various information will need to be provided to the SFC at the time of making the application.The SFC requires a number of documents to be provided to them, in support of the licensing application.Of particular importance is the business plan setting out in detail the proposed regulated activities by types to be undertaken. The SFC will then consider the activities and the suitability of the regulated activities to be included in the licence.The SFC also requires a large amount of information in relation to the structure of the corporation, its directors and its shareholders, and as such, all the directors (both active and non-active directors, including the alternate directors) of the corporation will need to complete SFC application forms.It is also the SFC's standard practice to require individual shareholders and executive directors of the intermediate and ultimate holding companies to complete and submit application forms.

A group structure organisational chart (showing the relationship between the corporation, the ultimate holding company and the applicant) and a copy of the latest audited financial statements for each of the immediate and ultimate holding company and/or the group financial statements are also required.The SFC will wish to review the applicant’s compliance manual and the operational flowchart.In addition to the corporation being licensed, as indicated above all staff undertaking regulated activities must have their own licence which is ancillary to that of the corporation (in the capacity as either responsible officer - one of whom must be an executive director - or representative). Indikator forex dan fungsinya masing-masing. Each individual within the corporation who is applying to be licensed will need to satisfy the SFC's competence requirements (see Appendix 1).The basic qualifications of the individual required by the SFC will differ according to the capacity in which he is seeking to be registered.Besides the responsible officers, any individual who carries on a regulated activity on behalf of company will be required to be licensed as a representative accredited to the company.

Introducing broker regulation hong kong

Appendix 1 The Fit and Proper Guidelines outline the matters that the SFC will consider in determining whether or not a person is fit and proper to be licensed.The Fit and Proper Guidelines should be read in conjunction with the SFC's Guidelines on Competence and Guidelines on Continuous Professional Training.In determining whether an applicant is fit and proper, the SFC will have regard to the applicant's: In considering whether the corporate applicant itself is fit and proper, the SFC must consider the above in relation to both the corporation and the officers of the corporation. Forex trading floors. The SFC is also empowered to examine any information in respect of the substantial shareholders and officers of the applicant and other related corporations.The SFC is unlikely to find any applicant to be a fit and proper person if he or she has been found to have acted fraudulently or dishonestly, been convicted of certain criminal offences, been involved in managing a business that has been involuntarily wound up or is insolvent. responsible offices or representatives of licensed corporations) will not satisfy the Fit and Proper Criteria unless they can demonstrate that they are competent to perform their functions efficiently and effectively.Details of the competence requirements are set out in the SFC's Guidelines on Competence.

Introducing broker regulation hong kong

Individual applicants who seek to be licensed under the SFO may demonstrate competence by meeting certain recognised industry qualifications (certain Hong Kong and overseas qualifications are acceptable - we can provide a list if necessary) and by passing a local regulatory framework paper.In assessing the competence of a responsible officer, the SFC will consider whether the applicant possesses appropriate ability, skills, knowledge and experience to properly manage and supervise the corporate applicant's proposed activities.An applicant applying to be a responsible officer will normally be expected to meet one of the following options: In assessing the competence of a person applying to be a representative (other than a director), the SFC requires that an applicant have a basic understanding of the market in which they are to work, as well as the laws and regulatory requirements applicable to the industry. This can normally be demonstrated by fulfilling one of the following options: The SFC will consider granting an exemption from the recognised industry qualifications where the applicant has attained a certain level of academic achievement or possesses sufficient relevant working experience.Under exceptional circumstances, the SFC may consider granting an exemption from the local regulatory framework paper where the applicant has attained a certain level of academic achievement or possesses sufficient relevant working experience.The capital and other financial requirements applicable to persons licensed under the SFO are set out in the Financial Resources Rules (FRRs).