What is the SFC license in Hong Kong?
The Securities and Futures Commission (SFC) of Hong Kong was established in 1989 as an independent statutory body responsible for regulating the securities and futures markets in Hong Kong. The Securities and Futures Ordinance and its subsidiary legislation grant the SFC the power to investigate, correct, and discipline in order to ensure a fair and orderly securities market. The SFC operates independently from the Hong Kong government, with its main functions being to formulate and enforce market regulations, investigate matters in the securities industry, grant or revoke licenses for regulated activities in securities and futures, and oversee the operation of exchanges, clearing houses, share registration institutions, and alternative trading platforms, among others.
In simpler terms, if a company (not a bank or recognized financial institution) or individual wants to engage in regulated activities (such as securities trading, futures contract trading, etc.), they must obtain the necessary qualifications, which means obtaining a license from the SFC to legally engage in the regulated activities. This license is commonly known as the SFC license. Upon obtaining a license for regulated activities, the organization becomes a "licensed corporation," and the individuals engaged in regulated activities are collectively referred to as "licensed persons."
If you wish to inquire about basic information of a licensed person or licensed corporation, such as the license number, license category, and affiliated company, you can click on the SFC's public register link: https://apps.sfc.hk/publicregWeb/searchByName , and search by entering the full Chinese or English name, or the central number.
If you have a complaint about the services provided by a licensed corporation or licensed person, you should file a complaint with the SFC.If you are dissatisfied with the services provided by a licensed corporation or licensed person, you should file a complaint with the SFC.
How can we help you?
2CExam mainly sells HKSI, IIQE, EAQE and SQE related exam products, provides HKSI LE Papers 1, 2, 3, 5, 6, 7, 8, 9, 11, 12 mock test questions, and also sells HKSI LE Papers 1, 2 , 6, 7, 8 Exam Books, one-on-one private tutoring services, and free YouTube/Bilibili/Tencent/Iqiyi teaching videos for HKSI LE Papers 1, 2, 6, 7, 8, 12. 2CExam has many years of experience in the securities, insurance, and real estate industries. If you need help, please visit www.2cexam.com.hk or contact us in the following ways:
Tel: +852 2110 9644 Email: [email protected] WeChat: hk2cexam WhatsApp: +852 9347 2064
Please support us by leaving comments and likes if you think this article helps you!
You can scan or click on the QR codes to visit our social media.
Latest Article
Categories
過往文章
Contact US
-
Phone:
+852 2110 9644
-
Email:
-
WhatsApp
+852 9347 2064
-
WeChat
hk2cexam
Interesting Articles
Can a Masters degree graduate in Management, literature subjects graduate, top up degree graduate in finance and law or associate degree holder waive some of the HKSI LE securities exam papers?
Earlier we shared that there are some circumstances where students who wish to join the industry as securities practitioners can possibly be exempted from certain exams based on their academic qualifications and/or work experience. If you meet certain academic and/or work experience requirements, students may not have to take HKSI LE Papers 7-12. In other…
How can I verify the identity of past insurance brokers and insurance agents? How to check the insurance intermediary license records expired before September 23, 2019?
Where can I verify the identity of insurance brokers and insurance agents? For information on insurance intermediaries that are still valid after September 23, 2019, or newly applied after that day, you can find them on the public search on the website of Insurance Authority: https://iir.ia.org.hk/#/index The development history of insurance brokers and…
Can a holder of an original SFC type 1 license be a type 4 and the type 9 license R.O.?
Why do fund managers/asset management companies need to obtain a Type 4 license? There is a type 1 regulated activity (Dealing in Securities) license holder who has many years of experience. This person has passed the Paper 6 of the Licensing Examination for Securities and Futures Intermediaries (HKSI LE). Can he become the RO responsible…
What is the difference between an insurance agent and an insurance broker?
Isn’t every business that sells insurance policies called an insurance company? Can an insurance broker mean both an individual and a company? What are the main differences between insurance brokers and insurance agents? An insurance broker (Broker) selects suitable insurance products on behalf of the client. It can refer to an individual or a company.…
What is the difference between a licensed corporation and a registered institution?
Which licensing exam should a bank staff patake in? Is it regulated by the SFC or HKMA? What does it mean by the commonly mentioned term “SFC license”? The Securities and Futures Commission, also known as SFC, is the statutory regulator of the securities industry in Hong Kong.The Securities and Futures Commission was established…
What is the difference between an estate agent and a real estate salesperson?
Should I take EAQE or SQE to get into the real estate industry? The EAQE/SQE real estate examination result itself does not mean a license Passing the EAQE/SQE exam is just one of the conditions for applying for a license. Passing the exam does not mean obtaining a license, nor can you start your real…
How long is the validity period of the EAQE/SQE license?
Do I need to renew my license every year? Where should I apply for a license renewal? Huh? Isn’t the EAQE/SQE test result a license?! Passing the EAQE or SQE is one of the licensing conditions for obtaining a real estate agent/salesperson license. The EAQE and SQE exams are held by the Institute of Professional…
How long is the IA license valid for?
Do I need to renew my license every year? Where should I apply for a license renewal? Isn’t the IIQE exam score a license?! Obtaining passing results in the IIQE (Insurance Intermediaries Qualifying Examination) held by the Institute of Professional Education and Knowledge (VTC PEAK) is one of the requirements for applying for an insurance…
How long is the SFC license valid for?
Do I need to renew my license every year? Where should I apply for renewal? Will the SFC license become invalid? We often hear people mention the 178 license. What does that mean exactly? In fact, “178 license” is a common misnomer. 178 does not refer to a license, but a combination of exam papers…
What is an IIQE license?
How to register for the exam? How to prepare? Isn’t the IIQE test score a license?! Obtaining a passing score in the IIQE (Insurance Intermediaries Qualifying Examination) held by the Institute of Professional Education and Knowledge (VTC PEAK) is one of the requirements for applying for an insurance practitioner license. Since PEAK is a statutory…