Page 56 - 期货和衍生品行业监管动态（2025年9月）

期货和衍生品行业监管动态

the proposed investor identification regime for the exchange-traded derivatives

market (HKIDR-DM) to further bolster the integrity and sustainable development of

Hong Kong’s capital markets.

Building upon the successful implementation of a similar regime for the

securities market (HKIDR-S) since March 2023, the proposed HKIDR-DM would

cover on-exchange orders for futures contracts, options contracts and stock options

traded through the Hong Kong Futures Exchange Limited’s trading system.

The HKIDR-DM would adopt a model similar to that of the HKIDR-S, under

which licensed corporations and registered institutions offering brokerage services or

conducting proprietary trading would be required to submit clients’ names and

identity information to a centralised data repository.

“To keep up with Hong Kong’s fast-growing derivatives market and align with

global best practices, the proposed extension of our investor identification regime

represents a major stride in detecting irregularities and protecting investors whilst

minimising operational burden on the industry,” said Mr Rico Leung, the SFC’s

Executive Director of Supervision of Markets.

“Our enhanced cross-market surveillance capabilities will help reinforce market

integrity and investors’ confidence – both essential in solidifying Hong Kong’s

sustainable development as an international financial centre,” he added.

The consultation period will last for three months. Interested parties are invited

to submit their feedback to the SFC on or before 22 December 2025 through the SFC

website (www.sfc.hk), via email at HKIDR-DM-consultation@sfc.hk, or by post.

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

refNo=25PR151

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