The following updates are examinable from 2 October 2024
TOPIC 1 – REGULATORY FRAMEWORK
The number of regulated activities is now 13:
The Thirteen SFC-regulated Activities
| 1. | Dealing in securities |
| 2. | Dealing in futures contracts |
| 3. | Leveraged foreign exchange trading |
| 4. | Advising on securities |
| 5. | Advising on futures contracts |
| 6. | Advising on corporate finance |
| 7. | Providing automated trading services |
| 8. | Securities margin financing |
| 9. | Asset management |
| 10. | Providing credit rating services |
| 11. | Dealing in OTC derivative products or advising on OTC derivative products |
| 12. | Providing client clearing services for OTC derivative transactions |
| 13. | Providing depositary services for relevant CISs |
Type 11 and Type 12 regulated activities are not yet fully in force
TOPIC 2 – REQUIREMENTS OF RELEVANT SUBSIDIARY LEGISLATION
- No updates
TOPIC 3 – MANAGEMENT AND SUPERVISION OF SECURITIES BUSINESS
- The Financial Action Task Force (FATF) is an inter-governmental body supported by the membership of 37 jurisdictions (as at May 2024) and includes Hong Kong
TOPIC 4 – DEALING IN SECURITIES TRADED ON THE SEHK
Stamp Duty on Stock Transaction
- 1% (was 0.13%) on each purchase/sale. No stamp duty on ETFs, derivative warrants and CBBCs trading
TOPIC 5 – OTHER SECURITIES ACTIVITIES
- Minor updates to Mutual Markets Access material
TOPIC 6 –EXCHANGE TRADED OPTIONS AND OVER-THE-COUNTER (OTC) DERIVATIVES
- General Rules of CCASS have been re-named as General Rules of HKSCC
TOPIC 7 –MARKET MISCONDUCT AND IMPROPER TRADING PRACTICES
- No updates
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