Friday May 18 2018

News Source: Global Exchanges

Focus: Other

Type: General




In May 2018, the Securities and Futures Commission (SFC) issued an updated Consultation on Proposed Amendments to the Securities and Futures (Professional Investor) Rules.

The Consultation outlines the SFC’s responses to Investors queries, which were submitted in an earlier Consultation which was issued on 1st March 2018.

The Consultation Considers three main issues:

  • Allowing aggregation of certain assets for individuals
  • Expanding the definition of corporations to qualify as professional investors
  • Evidential Requirements

The SFC has come to the conclusion that it must ensure a level-playing field and implement consistent application of the PI Rules. Therefore after considering all the comments and suggestions, the SFC will not take forward the proposal to allow an individual to count the portfolio held by a corporation if he or she partially owns the corporation.

For additional information please click the link above.