Page 66 - 期货和衍生品行业监管动态（2024年1月）

期货和衍生品行业监管动态

● account opening arrangements;

● investor quota management;

● cross-boundary closed-loop fund flow arrangements; and

● promotion and sales arrangements.

Prior to the launch of any Cross-Boundary WMC related activities, eligible LCs

which intend to participate in the Cross-Boundary WMC should:

● partner with an eligible Mainland broker and work closely with it to ensure

that all preparatory work, including the relevant system set-up, is properly

performed;

● put in place adequate systems, internal control measures and operating

procedures in accordance with the requirements set out in the guidance; and

● submit to the SFC, amongst others, their business plan and a self-assessment

report certified by their Manager-in-Charge (MIC) – Overall Management

Oversight, MIC – Compliance and head of internal audit function, to

demonstrate their operational readiness.

Upon receiving the no objection notification from the SFC, LCs may conduct
business activities under the Southbound Scheme, the Northbound Scheme or both.

LCs are encouraged to notify and discuss their business plan with their case

officer in the SFC in advance should they wish to participate in the Cross-Boundary

WMC. Should you have any questions regarding the content of this circular, please

send your enquiries to wmc@sfc.hk.

1. The Southbound Scheme refers to eligible Mainland investors investing in eligible

investment products offered by eligible LCs via designated channels.

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