On 4 December 2020, HK Securities & Futures Commission (‘SFC”) published a Consultation Paper outlining the proposed implementation of an investor identification regime at trading level for the securities market in Hong Kong (HKIDR) and introduced the over-the-counter securities transactions reporting regime for shares listed on the Stock Exchange of Hong Kong (OTCR). Subsequently, on 10 August 2021, SFC published the Consultation Conclusions summarizing comments and correspondences received. This Updates sets out the key proposals and conclusion from the Consultation Conclusions.

SWCS Group has, from time to time, published the latest newsletters, announcements or practice guidelines in order to keep clients abreast of the subjects of corporate governance, listed company compliance and related regulations and related information in Hong Kong. Please find attached the latest issue (January 2022) of the Compliance Newsletter on the investor identification system for your reference.

Regardless of whether your business is affected by the new system and requirements, this Newsletter provides you and your company with a quick and concise information of the investor identification system.

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【Compliance Updates】Investor Identification Regime at Securities Trading Level – An Overview (January 2022)

On 4 December 2020, HK Securities & Futures Commission (‘SFC”) published a Consultation Paper outlining the proposed implementation of an investor identification regime at trading level for the securities market in Hong Kong (HKIDR) and introduced the over-the-counter securities transactions reporting regime for shares listed on the Stock Exchange of Hong Kong (OTCR). Subsequently, on…

The ESG Research Report 2021: The Readiness of Listed Companies on the New ESG Reporting

The research on the recent ESG reports revealed that there is still a considerable gap in meeting the latest ESG disclosure requirements on the 339 companies surveyed. Although ESG-indexed companies have a relatively higher degree of disclosure in aspects such as board’s involvements in supply chain’s ESG and associated governance structure and assurance than that…

SWCS Group sponsored Annual Corporate and Regulatory Update for 8 consecutive years

Congratulations on a very successful completion of 22nd Annual Corporate and Regulatory Update (ACRU), hosted by HKICS! SWCS Group is proud to be the Sponsor in 8 consecutive years for the yearly signature event of HKICS. Dr. Maurice Ngai, Director and Group CEO of SWCS Group, a leading and visionary specialty TCSP in Hong Kong,…