For residents outside the US, Canada or Hong Kong, click below for a more representative list of locations and marginable products. A licensed representative may be accredited to more than one licensed corporation. Under Part V of the SFO, persons engaging in one or more regulated activities are required to apply to the SFC for a licence, unless they have been exempted or can rely on one of the exclusions. As the Hong Kong licensing regime under the SFO is activity-based, there is no specific licensing regime for family offices. Frequently Asked Questions. Exchange's Reports. Single family offices The way in which a single family office operates can lead to different 华夏银行向境外银行汇款 Hua Xia Bank remittance to overseas bank under the licensing regime. Equity Index. Firms that have not been licensed or registered with the US SEC or the UK FSA as investment managers or advisers, but which have proven track records or have parent companies with proven track recordsmay also be able to benefit from the streamlined 外汇的缺点 Disadvantages of Forex process. Invest China A. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit.
Latest Market Data. Strategy Step This exemption is normally available to futures brokers who provide investment advice or manage discretionary accounts for their futures clients. Hence, on-line brokers will generally be licensed under Part V whereas electronic exchanges and automated trading systems are required to obtain authorisation under Part III. Industry experience requirements for responsible officers of Hong Kong private equity firms. Start trading like a professional today! It also covers the management of SFC authorised real estate investment trusts. Investors may therefore wish to seek independent advice before making a commitment to enter into foreign exchange margin trading. If the required funds are not provided within the prescribed time, their position will be liquidated. Each day, as part of its risk management policy, IBKR simulates thousands of profit and loss scenarios for client portfolios based upon a comprehensive set of sector-based market scenarios for all pre-defined primary risk factors. Listing Document Simplification Guide. Testing has indicated that short positions in low-priced options generate the largest exposures relative to the amount 香港外汇保证金杠杆要求 Hong Kong foreign exchange margin leverage requirements capital. Exposure Fee for High Risk Accounts Interactive Brokers calculates and charges a daily "Exposure Fee" to customer accounts that are deemed to have significant risk exposure. Firms should submit to the SFC a set of completed licence application forms relevant to their intended business activities in Hong Kong. Risk Management Margin. Settlement and Depository. OTC Derivatives. A corporation licensed for regulated activity Type 8 is prohibited from carrying on any other business other than business which is necessarily incidental to its 香港外汇保证金杠杆要求 Hong Kong foreign exchange margin leverage requirements margin financing business Section d. Any corporation carrying on one or more regulated activities must apply to the SFC for a licence. Join Our Markets. Accounts subject to the exposure fee should maintain excess equity to avoid a margin deficiency. In addition, a Type 9 licensed corporation which provides a service of managing a portfolio of securities or futures contracts under a collective investment scheme and gives advice or issues analyses or reports in relation to securities or futures contracts solely for the purposes of providing the collective investment schemes that it manages, is exempted from the requirement 外汇储备减少 Foreign reserves fall be licensed for regulated activity Type 4 advising on securities or Type 5 advising on futures contractsas the case may be. Securities Market. Hong Kong regulatory compliance. This, in turn, is attractive to reputable market 能对外汇人民币吗 Can you exchange RMB for foreign exchange? who appreciate the benefits that arise from being able to brand themselves as being Hong Kong licensed. Section 8 SFO further requires that any person whose name is registered under Section 20 of the Banking Ordinance must be a fit and proper person to be engaged in the relevant regulated activity. An expedited licensing process will apply to firms that are already licensed or registered by the US SEC or the UK FSA as investment managers or advisers if they have a good compliance track record and serve only professional investors or have parent companies that satisfy the first two of these requirements. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit. This circular is principally intended to provide general guidance to overseas hedge fund managers intending to apply to the SFC for a licence. The individual must also possess appropriate skills, knowledge and experience to properly manage and supervise the relevant regulated activity and must meet the requirements set out in the table at Annex D. Individuals who perform asset management activities for the GP in Hong Kong are also required to be licensed as representatives and, where appropriate, be approved as ROs accredited to the GP. These members would generally not need to be licensed. Additional competence requirements apply if a person wishes to be licensed to conduct regulated activities in relation to matters falling within the ambit of a particular code issued by the SFC, 外汇交易指南 Forex Trading Guide. In the event that investors choose not to seek independent advice, they should carefully consider whether such trading is suitable in the light of their own investment objectives, financial position and risk profile. Corporate Action Messaging Standardisation. Firms that are not licensed or registered in the US or UK as investment managers or advisers, but which have proven track records or have parent companies with proven track recordsmay also benefit from the streamlined review process. Enforcement Guidance Materials. This is because the act of offering co-investment opportunities would likely be regarded as inducing other persons to enter into securities transactions, which constitutes dealing in securities as defined 香港外汇保证金杠杆要求 Hong Kong foreign exchange margin leverage requirements Part 2 of Schedule 5 to the SFO. Contact our Investment Service Hotline at or visit any 香港外汇保证金杠杆要求 Hong Kong foreign exchange margin leverage requirements branch. Investor Relations. For example, the SFC may regard a PE firm as having discretionary investment authority if it proposes to have an RO with sufficient authority and seniority to make investment decisions throughout the life cycle of each fund. A circular will be issued to Clearing Participants to notify them of the 香港外汇保证金杠杆要求 Hong Kong foreign exchange margin leverage requirements and effective date. The SFO requires every licensed company to have at least two Responsible Officers approved by the SFC for each of the regulated activities for which it is licensed. What's New. The provision and marketing of such services will therefore require a 外汇交易指南 Forex Trading Guide under Section Accordingly, a Hong Kong private equity firm carrying on a business in such activities would generally be required to be licensed for SFC Type 1 regulated activity unless an exemption under the SFO applies. Investor 中国外汇储备 大跌 Chinas foreign exchange reserves plummet sustain total loss of initial margin funds and any additional funds deposited with the Bank to maintain position s. Regulatory Announcements. Such approval is subject to the HKMA being satisfied that the person is a fit and proper person to be an executive officer of the institution and has sufficient authority within it to be an executive officer. If the required funds are not provided within the prescribed time, your position may be liquidated. Make the most of opportunities in the foreign exchange markets with Citibank. Inline Warrants. Any registration of an authorised financial institution by the SFC may be made subject to reasonable conditions. Market Consultations. Paypal 外汇管制 paypal foreign exchange control HKMA will then advise the SFC as to whether it considers the applicant to be a fit and proper person for registration for the relevant regulated activity. Any registration of an authorised financial institution by the SFC may be 香港外汇保证金杠杆要求 Hong Kong foreign exchange margin leverage requirements subject to reasonable conditions. A corporation licensed for regulated activity Type 1 dealing in securitiesType 2 dealing in futures contracts or Type 8 securities margin financing is required to take out and maintain insurance against specific risks for specified amounts when the SFC approves a master policy of 福汇外汇手机版 FXCM Forex Mobile applicable to it. Td 金融 family offices The way in which a single family office operates 招商银行境外汇款凭证 China Merchants Bank overseas remittance certificate lead to different consequences under the licensing regime. Nor will the debt or deficit to IBKR be offset or reduced by the amount of any exposure fees to which the account may have been assessed at any time. Sustainable Finance. Whilst we intend to observe the principles referred to in this circular, our licensing regime requires us to exercise our discretion in each and every case. As we have seen an increasing number of overseas hedge fund managers applying to be licensed to carry on business in Type 9 Regulated Activity, we would like to clarify our requirements concerning ROs for the benefit of overseas hedge fund managers applying for a Type 9 licence:. Industry experience requirement for responsible officers ROs In assessing whether an RO applicant of a PE firm has the required relevant industry experience to satisfy competence requirements the SFC adopts a pragmatic approach and recognises a broad range of experience as long as the applicant can demonstrate that it is relevant to his or her proposed duties. VaR Platform. Market conditions may make it impossible to execute such orders. Providing credit rating services does not however include: person, provided that the credit rating is provided only to that person and is neither intended for dissemination to the public or distribution by subscription in Hong Kong or elsewhere, and is not reasonably expected to be so disseminated or distributed; or gathering, collating, disseminating or distributing information concerning the indebtedness or credit history of any person. Debt Securities. The Exposure Fee may change each day based on market movements, changes in the account's portfolio, and changes in the formulas and algorithms that IBKR uses to determine the potential risk of the account. For example, the SFC will consider experience in:. The Circular reminds overseas hedge funds that the SFO exempts Hong Kong based firms from being licensed where they merely provide research to their group companies outside Hong Kong. Forms of Collateral. Market Insight Other Investment Options. If deduction of the fee causes a margin deficiency, the account will be subject to 香港外汇保证金杠杆要求 Hong Kong foreign exchange margin leverage requirements of positions as specified in the IBKR Customer Agreement. The reason why this circular is principally directed at overseas fund managers is that we have observed some misunderstanding amongst this group as to the requirements that are imposed on them in the event of their applying for a licence in Hong Kong. Investors should also carefully read the relevant Terms and Conditions. Contact our Investment Service Hotline at or visit any Citibank branch. If investor fails to comply with request for additional funds within the time prescribed, investor's position s may be liquidated at a loss and investor will be liable 韩国 如何汇款给国外 How to send money abroad in South Korea any resulting deficit. We note that some overseas hedge fund managers only wish to set up an investment research operation in Hong Kong, to provide research on securities in Asia to their group companies outside Hong Kong. If a licensed representative ceases to act for on behalf of the licensed corporation to which he is accredited, he has a period of days to apply for the transfer of his accreditation to a new licensed corporation Section 1. Exchange's Reports. Exchange Traded Products.