Page 54 - 期货和衍生品行业监管动态（2022年9月）

期货和衍生品行业监管动态

communication purposes. Platforms which achieved economies of scale charged
lower commission fees.

“Advances in technology and the popularity of online platforms have

transformed the way investors behave,” said Ms Julia Leung, the SFC’s Deputy Chief

Executive Officer and Executive Director of Intermediaries. “It is vital for licensed

firms to allocate sufficient resources to ensure compliance with the SFC’s

requirements when carrying out their business activities in a digital environment.”

To facilitate the industry’s efforts to adopt more innovative technology in

serving investors in a secure and compliant manner, the SFC has issued various

circulars and guidelines to provide guidance on how its principles-based,

technology-neutral rules could be applied in a digital environment. These cover

non-face-to-face account opening, online distribution and advisory platforms and
cybersecurity.

Notes:

1. The review was conducted in various ways including via a fact-finding

survey, desktop analysis and inspections.

2. Of the licensed firms surveyed, 49 (or 98%) supported the online trading

of equities or exchange-traded funds, of which 13 also provided services for

online trading of futures and options contracts.

3. The major equities markets in which the surveyed licensed firms

participated included Hong Kong, the US and the Mainland, which respectively

represented about 53%, 39% and 7% of total turnover. The major futures and

options markets were the US and Hong Kong, accounting for 74% and 24% of

the total number of contracts executed, respectively.

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

refNo=22PR67

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