Managing assets belonging to third parties would constitute “asset management” and attract a licensing requirement.This exemption should not be applied to a corporation advising its group company in respect of that group company’s client assets. » Types of intermediary and licensed individual » Application procedures » Ongoing obligations » Online Portal » Register of licensees & registered institutions » List of modifications or waivers of licensing requirements » Circulars » Consultations and conclusions » Forms » FAQs; Supervision » Supervisory approach » Supervisory actions The Securities and Futures Commission (“For setting up the corporation from scratch, some major preparation items are listed below:establishment of a Hong Kong private limited liability company (“sourcing suitable responsible officers (at least 2 are required for each regulated activity) and assessing their fitness and properness to supervise the proposed activitiespreparation of a compliance manual, a business plan, a financial projection plan and other policies and documentscompiling all relevant materials for the licensing application (including forms and supplements regarding proposed responsible officers and substantial shareholders)submitting the licensing application to the SFC (including the application for approval of the proposed responsible officers)For a corporation to be licensed to carry out regulated activities in Hong Kong, section 116 (2) of the Securities and Futures Ordinance (Cap. Type 4 Advising on securities Type 5 Advising on futures contracts Type 6 Advising on corporate finance Type 7 Providing automated trading services ... •Help management to assess compliance with fit and proper criteria and competency requirements set by the SFC for licenced corporation, any individual applicants (i.e. Currently, there are two master policies of insurance respectively applicable to stock exchange participants licensed for Type 1 regulated activity and futures exchange participants licensed for Type 2 regulated activity.

A licensed representative may be accredited to more than one licensed corporation. 2 - dealing with futures contracts. An MIC can be in charge of more than one core function.

Type of regulated activities. In addition, every executive director of the licensed corporation must be approved by the SFC as an RO in relation to the regulated activity in which he participates or supervises.The SFC generally expects that Managers-In-Charge of the Overall Management Oversight function and the Key Business Line function of the licensed corporation should seek the SFC’s approval as responsible officers in respect of the regulated activities they oversee. Type 4 (advising on securities) and/or Type 5 (advising on Acquisition of a shelf company is done by way of transferring the shares of the shelf company, and the relevant documents required for effecting such a transfer includes the transfer forms (instrument of transfer, and bought and sold notes) which are required to be signed and stamped at the Stamp Office within a prescribed time from the date of transfer.Upon acquisition of a shelf company, you may wish to change the name of the company. there is almost no precedence in Hong Kong for the use of a branch as a licensed corporation; and The disadvantage of this option, however, is that the name of the service company of the agent will appear in the public record of the company as the first shareholder and the certificate of incorporation and the business registration certificate of the company are electronic copies.A shelf company is an existing company that has been incorporated by standard articles of association (or for those shelf companies established before the commencement of the New Companies Ordinance, a standard memorandum and articles of association) and can be acquired immediately.


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