SFC consultation. Received a letter signed by Ms. Julia Leung, the Deputy Chief Executive Officer of the SFC, seeking feedback on proposed measures to safeguard client assets.
Release Date: 2019-01-14
| 14 January 2019 | Your Ref: 19L004JLLC |
| Securities and Futures Commission | By Mail & Email |
| 35/F, Cheung Kong Center, | Email: |
| 2 Queen’s Road Central, | |
| Hong Kong. |
Attention: Ms. Julia Leung, SBS,
Deputy Chief Executive Officer and Executive Director, Intermediaries
Dear Julia,
Re: Consultation on proposal for client asset protection measures
We received your letter dated on 9 January 2019. As we met on 13 September 2018, we felt positive during the consultation discussion with the Commission and various Hong Kong’s broker associations. We are appreciate with your invitation and your letter for further follow up for the captioned matter.
As your letter attached two templates, Appendix I and II, as we spoken in the consultation discussion, we are agree with all Licensed Corporations (“LCs”) used an unify letter with Authorized Institutions (“AIs”). We feel satisfy with your two templates.
The Lunar New Year coming soon, I would like to take this opportunity, wish you and your team-mates, the best of health and happiness for the Year of Pig.
Your sincerely,
Wong Kwok On David
Chairman
Hong Kong Securities & Futures Professionals Association
Below is the circular from the SFC dated July 8, 2019: Circular to Intermediaries New measure to protect client assets
https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/intermediaries/supervision/doc?refNo=19EC48
