Dealing in futures contracts sfo
The Market Misconduct Tribunal is an independent body in Hong Kong which is established under the Securities and Futures Ordinance (Cap. 571) (SFO), and is chaired by a judge or former judge of the High Court who Market misconduct includes insider dealing, false trading, price rigging, stock market manipulation, 18 Mar 2016 At present. the SFO proscribes 10 licence types: Type 1 – Dealing in securities. Type 2 – Dealing in futures contracts. Type 3 – Leveraged 18 Nov 2019 Hong Kong's Securities and Futures Commission issued a position paper to may apply for a license covering Type 1 (dealing in securities) and Type 7 may be considered “futures contracts” under the SFO and any person the Securities and Futures Ordinance (SFO), eg dealing in or advising on securities and futures contracts. For your benefits, when you choose an intermediary futures contracts) agreeing to allow the Client identified in the Account DEALING. 3.1. Subject to the provisions of the SFO and any applicable law and 3 Dec 2019 Section 114(1) of the Securities and Futures Ordinance (SFO) The trading of financial instruments that are not “securities” or “futures contracts,” or are Firms that deal in, advise on or manage a portfolio of the shares or
6. Advising on corporate finance, advising on futures contracts, advising on securities, asset management, dealing in futures contracts, dealing in securities and providing automated trading services are regulated activities and have the same meanings assigned to them respectively under Schedule 5 to the SFO. 7.
Accordingly, parties carrying on a business in dealing in Bitcoin Futures, including those who relay or route Bitcoin Futures orders, are required to be licensed for Type 2 regulated activity (dealing in futures contracts) 1 under the SFO unless an exemption applies. transactions (whether or not any of them is a dealing in securities or futures) with the intention that, or being reckless as to whether, they create or maintain, or are likely to create or maintain, an artificial price for securities or futures contracts traded on an exchange or through an ATS in Hong Kong. 3. again, the same conduct but by a person in Hong Kong which has a similar effect on A corporation licensed for Type 9 regulated activity does not need to be licensed for regulated activities Type 1 (dealing in securities) or Type 2 (dealing in futures contracts) provided that such activities are carried out solely for the purposes of its asset management business. This exemption is normally available to fund managers who place trade orders to dealers in the course of managing their clients’ securities or futures contracts portfolios. contract for a dealing in securities or futures contracts; and (c) one of the intermediaries has agreed in writing with the other intermediary to prepare and provide to the person a contract note or statement of account in accordance with these Rules, then that other intermediary is exempt from compliance with Futures Contract: A futures contract is a legal agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a
Section 114 of the Securities and Futures Ordinance (Cap.571) (the SFO), sits at the Type 1 (dealing in securities) and Type 2 (dealing in futures contracts)
transactions (whether or not any of them is a dealing in securities or futures) with the intention that, or being reckless as to whether, they create or maintain, or are likely to create or maintain, an artificial price for securities or futures contracts traded on an exchange or through an ATS in Hong Kong. 3. again, the same conduct but by a person in Hong Kong which has a similar effect on A corporation licensed for Type 9 regulated activity does not need to be licensed for regulated activities Type 1 (dealing in securities) or Type 2 (dealing in futures contracts) provided that such activities are carried out solely for the purposes of its asset management business. This exemption is normally available to fund managers who place trade orders to dealers in the course of managing their clients’ securities or futures contracts portfolios. contract for a dealing in securities or futures contracts; and (c) one of the intermediaries has agreed in writing with the other intermediary to prepare and provide to the person a contract note or statement of account in accordance with these Rules, then that other intermediary is exempt from compliance with
Commodity Futures Contract: A commodity futures contract is an agreement to buy or sell a predetermined amount of a commodity at a specific price on a specific date in the future. Buyers use such
1 FIMHK has been licensed under the SFO to carry on Type 1 (dealing in securities), Type 4 (advising on securities), Type 5 (advising on futures contracts) and Type 9 (asset management) regulated activities since 29 March 2005. It has also been licensed to carry on Type 2 (dealing in futures contracts) regulated activity since 30 May 2019. Transitional arrangement (Schedule 10 to the Securities and Futures Ordinance) 1.3.1. Existing registered persons would be allowed two years to migrate to the new regime, following enactment of the SFO. The deeming provisions in respect of Part V of Schedule 10 provide that existing corporations would become deemed licensed corporations; the existing representatives/dealing directors would become deemed licensed representatives/deemed responsible officers; the existing sole proprietorships licensed or registered, that is a contract (i) for a dealing in securities (except a market contract); or (ii) for a dealing in futures contracts (except a market contract); or (b) the regulated activity of leveraged foreign exchange trading for which the intermediary is licensed, that is a leveraged foreign exchange contract; INSIDER DEALING UNDER THE SECURITIES AND FUTURES ORDINANCE INTRODUCTION The Securities and Futures Ordinance (“SFO”) which came into effect on 1 April 2003 establishes dual civil and criminal regimes (under Parts XIII and XIV respectively) in respect of all types of market misconduct. “'Market misconduct” as regulated under Parts XIII and Accordingly, parties carrying on a business in dealing in Bitcoin Futures, including those who relay or route Bitcoin Futures orders, are required to be licensed for Type 2 regulated activity (dealing in futures contracts) 1 under the SFO unless an exemption applies. transactions (whether or not any of them is a dealing in securities or futures) with the intention that, or being reckless as to whether, they create or maintain, or are likely to create or maintain, an artificial price for securities or futures contracts traded on an exchange or through an ATS in Hong Kong. 3. again, the same conduct but by a person in Hong Kong which has a similar effect on
1 Feb 2018 The SFO prohibits certain activities by way of criminal sanctions. of securities, or the price for dealings in futures contracts (section 298, SFO).
the Securities and Futures Ordinance (SFO), eg dealing in or advising on securities and futures contracts. For your benefits, when you choose an intermediary
1 Aug 2013 Type 2, Dealing in futures contracts. Trading / broking index or commodities futures for clients; Buying / selling futures contracts for clients. in Part V of the Securities and Futures Ordinance (the 'SFO') which came into effect Licensed for Type 2 Regulated Activity (Dealing in Futures Contracts). 16 Oct 2014 TYPE 2: DEALING IN FUTURES CONTRACTS It should be noted that the SFO contains 2 separate regimes for the licensing of providers of Section 114 of the Securities and Futures Ordinance (Cap.571) (the SFO), sits at the Type 1 (dealing in securities) and Type 2 (dealing in futures contracts)