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The Securities and Futures Commission (SFC) today published its Quarterly Report summarising key developments from October to December 2015.
Highlights this quarter included a revamp of the SFC’s authorization process for new public investment fund applications which aims to reduce overall processing time.
During the quarter, the SFC issued consultation conclusions on client agreement requirements, proposing changes which provide fairer terms of business for investors. Consultations were also launched on a proposal to extend the short position reporting requirements to all securities that can be short sold under stock exchange rules and on proposed updates to the guidelines for the regulation of automated trading services.
The SFC received 1,916 licence applications this quarter, up 12.3% from the same period last year. Under the dual filing regime, 48 listing applications were vetted during the quarter, up 50% year-on-year.
On the enforcement front, four licensed corporations were disciplined, resulting in total fines of $34 million.
The report is available on the SFC website under "Published resources> Corporate publications> Quarterly reports".
