Thursday November 30 2017
News Source: Global Exchanges
Focus: Other
Type: General
Country: Hong Kong
Link: http://www.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=17PR139
On 30th November 2017, the Hong Kong Securities and Futures Commissions announced that it had reached an agreement with the China Securities Regulatory Commission (CSRC) on proposals to introduce an investor identification regime for Northbound trading under Mainland-Hong Kong Stock Connect.
To prepare the market, the Stock Exchange of Hong Kong (SEHK) will soon issue an information paper on the operational details of the proposed regime, which is scheduled to be implemented by the third quarter of 2018.
This development will strengthen both bodies regulatory functions as it will allow for greater cooperation between them when monitoring and tracking market misconduct.
The SFC and the CSRC also agreed to introduce a similar investor identification regime for Southbound trading as soon as possible after the regime for Northbound trading is implemented.
For additional information please click the link above.