On 19 December 2014, the Securities and Futures Commission (the “SFC”) launched a consultation on proposed amendments to the Securities and Futures Ordinance (the “SFO”), relating to supervisory assistance to overseas regulators.
The proposed new powers will enable the SFC to:
- obtain records and documents from a licensed corporation or a related corporation of a licensed corporation that are otherwise not available to the overseas regulator, and
- make enquiries about such records and documents and related transactions and activities.
Regulated entities which operate in multiple jurisdictions will need to consider the implications of the proposed new supervisory powers.
This briefing from our team in Hong Kong provides more detail on the proposals.
Key contacts
Karen Anderson
Consultant, London
Susannah Cogman
Partner, London
Elizabeth Head
Of Counsel, London
Marina Reason
Partner, London
Kelesi Blundell
Partner, London
Hywel Jenkins
Partner, London
Chris Ninan
Partner, London
Jon Ford
Partner, London
Clive Cunningham
Consultant, London
Chee Hian Kwah
Director, Prolegis LLC, Singapore
Valerie Tao
Knowledge Lawyer, Hong Kong
Cat Dankos
Senior Regulatory Consultant, London
Disclaimer
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