Post a comment
Print articleHong Kong: Modification or Waiver of Certain SFO Provisions
June, 2007 -
A licensed corporation, registered institution, licensed individual, substantial shareholder of a licensed corporation, corporate licence applicant or an individual licence applicant can apply to the SFC to have certain sections of the Securities and Futures Ordinance (SFO) or any provision of rules made by the SFC modified or waived under the SFO according to section 134 of the SFO.
The application should set out the section of the SFO, or the SFC rule, to which the application relates and the reason for the why the modification or waiver is being sought. The application should be submitted with an application fee, which varies depending on the modification or waiver being sought.
Once the application is approved, the SFC will publish a notice in the Government Gazette. A modification of the Securities and Futures (Professional Investor) Rules was gazetted recently.
The application should set out the section of the SFO, or the SFC rule, to which the application relates and the reason for the why the modification or waiver is being sought. The application should be submitted with an application fee, which varies depending on the modification or waiver being sought.
Once the application is approved, the SFC will publish a notice in the Government Gazette. A modification of the Securities and Futures (Professional Investor) Rules was gazetted recently.
