Sfc licensed company

Author: upcr

August undefined, 2024

WebIn our SFC Inspections and Audits practice, we routinely advise SFC licensed corporations, including stock brokerage firms, traders, hedge fund managers, investment banks, corporate finance sponsors and advisers, wealth managers, financial advisers and other intermediaries on how to deal with SFC inspections and audits under section 180 of the … WebOverview. In our SFC Inspections and Audits practice, we routinely advise SFC licensed corporations, including stock brokerage firms, traders, hedge fund managers, investment …

SFC License Type 9 – HK Law Firm - Timothy Loh LLP

Web9 Feb 2024 · For any corporation that would like to be licensed for Type 9 regulated activity (asset management), the SFC generally expects such corporation to be able to exercise … Web1 Mar 2024 · Licensed Representatives Individuals who will provide VA services on behalf of a VASP, including those who will be its responsible officers, will need to be approved by the SFC as licensed representatives accredited to the VASP. Fit and proper test el toro mexican food baytown texas

Setting Up in Hong Kong: A Guide to Applying for an SFC License

WebThe SFC’s investigation found that between May 2024 and July 2024, Zhonghui International Futures Company Limited (ZIFC), a company licensed under the Securities and Futures … Web1 Feb 2024 · Applying for an SFC license A company must be incorporated in Hong Kong or registered with the Companies Registry of Hong Kong (non-Hong Kong firms) in order to … WebAny corporation carrying on one or more regulated activities must apply to the SFC for a licence. Only companies incorporated in Hong Kong or an overseas company registered … fordham university academic affiliations

SFC License Type 9 – HK Law Firm - Timothy Loh LLP

Guide To SFC License Requirements in Hong Kong Startupr

Weblicensed by the SFC and are not subject to any direct on-going regulatory supervision. As part of Hong Kong's asset management strategy to enhance the safe custody regime for … Web13 Apr 2024 · SFC reprimands and fines Ninety One Hong Kong Limited $1.4 million for unlicensed futures trading 13 Apr Ninety One Hong Kong Limited (NOHK) has been fined $1.4 million by the Securities and Futures Commission (SFC) for executing futures trades without the required license. fordham univ. dorm during christmas vacationWeb17 Dec 2024 · Under the Securities and Futures Ordinance, any person who/which (whether on their own or with their “associates”), has (i) a greater than 10% direct interest; or (ii) a … el toro mexican restaurant hermitage tn

"Web1 May 2024 · The Hong Kong Securities and Futures Commission (SFC) authorisation process, which was updated in 2016 involves the SFC's review of the offering document and constitutive documentation of the applicant fund. The overall processing time of retail fund applications takes two to six months. " - Sfc licensed company

Sfc licensed company

Types of intermediary and licensed individual - SFC

Web11 Dec 2024 · There are two different capital requirements that you must meet for getting an SFC license: Minimum Paid Up Capital. Type of Activity. Minimum Paid Up Capital. … Web9 May 2024 · A corporation that carries on a business in a regulated activity or actively markets services to the public which constitute a regulated activity need to be licensed, …

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Web27 Jul 2024 · An asset manager licensed for SFC Type 9 regulated activity (asset management) will typically be subject to a condition that it not hold client assets. On this … WebThe SFC requires licensed corporations to maintain a certain level of paid-up share capital and liquid capital. The capital amount that is required will depend on the type of regulated …

WebPART IV - OTHER REPORTING CONSIDERATIONS: Audit Questionnaire: 115. In order to assist the SFC to carry out its functions of supervising licensed corporations, auditors would normally on a voluntary basis complete an Audit Questionnaire for submission to the SFC, providing information that is not readily available from the audited financial statements. Web18 Nov 2024 · The vast majority of firms licensed by the SFC are Hong Kong incorporated companies. 5. How long will it take to get an SFC license? What happens after I submit my licensing application? What is the timeline for an SFC licensing application The SFC has a service pledge of 15 weeks to process a licensing application.

Web30 Aug 2024 · Deacons’ award winning SFC licensing team has successfully handled many PE (and other) corporate licence applications. Please contact us if you would like more information about the licensing process or for a complimentary consultation. Legal Updates 30 Aug 2024 Related Services and Sectors: Web12 Apr 2024 · Hong Kong’s Securities and Futures Commission (SFC) has reprimanded and fined Ninety One Hong Kong Limited (NOHK) $1.4 million for dealing in futures contracts without the required licence.

Web5 Jun 2024 · A) The SFC has stated that they are unlikely to be satisfied that a person will be fit and proper to be licensed to act for more than one licensed corporation, unless the licensed...

Web18 May 2024 · In a case of conspiracy to steal and conspiracy to defraud, the SFC imposed a life-time ban on a licensed representative of a broker who stole HK$110.2 million worth of … el toro mexican restaurant gulf shoresWeb30 Mar 2024 · The Securities and Futures Commission (SFC) published a Consultation Paper setting out proposed regulatory requirements for virtual asset (VA) exchanges licensed under the bespoke regime for virtual asset service providers (VASPs) in the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (the AMLO VASP regime). el toro mexican take outWeb3 Mar 2024 · The licensed company must designate at least two Managers-In-Charge of Core Functions (MICs) in Hong Kong who have the expertise, tools, and power to ensure … fordham university 2023 calendarWeb5 Jan 2024 · The Securities and Futures Commission (" SFC ") recently published updated FAQs in respect of the requirements applicable to a Type 1 licensed corporation or … el toro mexican restaurant in gooding idahoWeb3 Sep 2024 · What are SFC licensing capital requirements. Under the Securities and Futures (Financial Resources) Rules (“ FRR ”), unless exempted, each licensed corporation must … el toro mexican restaurant englewood ohioWeb24 Feb 2024 · Licensed corporations are bound by an election previously made under the Rules but they can apply in writing to the SFC for approval of the withdrawal of such election. A licensed corporation should continue to follow its elections until such time as the SFC has approved their withdrawal. fordham university 2023 graduation dateWeb13 Apr 2024 · The food businesses on this list are licensed under the Safe Food for Canadians Regulations and are considered to be in good standing with the CFIA. Instructions. No entry in any field will return the entire list of valid food licence holders. Fields are not case sensitive and you can search by partial text. fordham university 1098-t