Page 69 - 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

LCs interested in participating in the WMC Scheme should submit applications

to the SFC. They should be licensed for Type 1 regulated activity, have paid-up capital

and shareholders’ funds of not less than HK$100 million, have at least three years of

experience in distributing funds and/or bonds and transaction volume of not less than

HK$500 million during any 12-month period in the past three years and adequate

systems of control. In addition, similar to the current arrangement for banks, LCs

should partner with one or more eligible Mainland broker when providing services

under the WMC Scheme.

“The enhancements mark a major milestone in the expansion of the WMC

Scheme to deepen and broaden Hong Kong’s financial integration with the Greater

Bay Area,” said Ms Julia Leung, Chief Executive Officer of the SFC. “In particular,

eligible brokers’ participation in the Scheme does not only open up new opportunities

to the industry, but also broaden the reach of the Scheme to new customer base.”

The SFC will stay in close touch with the industry to ensure the smooth

implementation of the WMC Scheme and enhance it further where appropriate.

Note:

1. The revised Implementation Rules were published following the completion

of the consultation on the draft rules (關於《粵港澳大灣區“跨境理財通”業

務試點實施細則（修訂稿徵求意見稿）》公開徵求意見的通知) by relevant

authorities and financial regulators of the Mainland issued on 1 December

2023.

https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?

refNo=24PR9

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