Introduction A Hong Kong LC is the passport for regulated securities, asset-management, or advisory businesses. This guide contrasts buying an existing licence versus applying from scratch, covering pricing, timelines, due-diligence, and deal tactics. 1. Small-Cap Licence Pricing (H1 2025) Licence ComboPrimary UsesTypical BuyersMarket RangeType 4 & 9 (“49”)Advisory & AMFamily offices, PEHKD 1.8–2.0 MType 1Brokerage,…
1. Context 2. Licensing Triggers Test Explanation Dominant-Role Test Does the individual exercise sole or joint dominant control over investment decisions? Functional Test Is the individual conducting Type 4 (Advising on Securities) or Type 9 (Asset Management) regulated activity under Schedule 5 of the SFO? 3. Practical Scenarios Role Function Licence? External Advisor Market insights,…
Product Type Target Investors Subject to UT Code Ch. 7? Notes SFC-authorised public funds Retail public Yes—must comply All limits below are based on this Private/OFC/LPF (professional only) Professional/institutional Generally exempt May serve as internal reference MPF, PRF & other pension funds Retail/employees MPF rules apply Also 10% single-entity cap # Clause Limit Regulatory Logic…
Item Can be searched online with payment? Who can access? Risk Alert Director List ✅ Yes Anyone If seeking a low profile, consider professional or corporate directors, but note Economic Substance rules Shareholder List ❌ No Only BVI-licensed attorneys UBO must still be disclosed to banks, tax authorities, and the SFC 🔍 Key Point: BVI…
Exam Roadmap · Preparation Strategy · Career Blueprint 1. Why Pursue a Type 6 Licence? 2. Exam Requirements Role Required Papers Notes Licensed Representative Paper 1 (Regulatory Framework) + Paper 7 (Financial Markets) + Paper 11 (Corporate Finance) Entry level Responsible Officer (RO) Above + Paper 5 (Corporate Finance Regulation) Management track Sponsor Representative Add…
Introduction The Securities and Futures Ordinance (SFO) requires each licensed corporation to appoint at least two Responsible Officers (ROs) for each regulated activity. The Securities and Futures Commission (SFC) has consistently stated in multiple FAQs and circulars that applications for one person to simultaneously serve as RO or Licensed Representative (RA) for two different companies…
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Alright, folks! “Money laundering” isn’t just some fancy term from spy movies; it could be happening right under your nose! First off, let’s be clear: “money laundering” is like taking a filthy undershirt and, using a bunch of “secret formulas,” washing it so white that everyone thinks it’s brand new. The “dirty money” comes from…
Key Points: Major Selling Points: Other Details: For more information, please WhatsApp 93472064. Paradox Management Limited is representing the seller and the listed price of $1.65M includes Paradox’s commission. Note: These details are for reference only and may deviate significantly from the actual company. View with caution.
Introduction In the financial industry, especially for licensed corporations like securities firms, three numbers are particularly important – paid-up share capital, net asset value, and liquid capital. These three numbers are like the foundation, walls, and cash reserves of a house, all essential. Today, we’ll use simple language and examples to help everyone understand how…