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SFC issues new guides for visiting and returning professionals to highlight pragmatic licensing options

The Securities and Futures Commission (SFC) today published two new quick reference guides to assist visiting and returning professionals in understanding the SFC's pragmatic licensing regime, complementing the five popular quick reference guides published in 2023 (Note 1).

Illustrating with case studies, the two new guides offer useful information about licensing options and processes as well as various conditions for examination exemptions, in order to facilitate a smooth and compliant transition to the Hong Kong financial markets for these professionals.

“We see a growing trend of financial talents coming to Hong Kong and we offer a pragmatic licensing regime to accommodate such demand,” said Dr Eric Yip, the SFC’s Executive Director of Intermediaries. “While the first series was very well received, these new handy guides should help industry practitioners and potential applicants better grasp the essence of the SFC’s expectations and licensing requirements with an aim to continuously strengthen Hong Kong’s pool of financial talents.”

The SFC plans to organise workshops later this year to help the industry better understand its licensing policies and recent initiatives.

Additionally, the SFC has updated the Chinese version of the quick reference guide for Mainland practitioners (Note 2) and released a new English version.

These quick reference guides can be accessed on the SFC website, and prospective licence applicants are encouraged to contact the SFC at licensing@sfc.hk for further assistance.

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Notes:

  1. The SFC published quick reference guides to licensing and competence requirements for family offices, private equity firms, hedge fund managers and overseas and Mainland practitioners in March 2023. More than 32,000 copies of quick reference guides have been distributed, downloaded or viewed since then.

  2. The Chinese version of the SFC’s quick reference guide to competence requirements for Mainland practitioners was first published in March 2023.

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