Qualities, and Knowledge a Responsible Officer Should Possess

The success of an organization depended on the inputs of its employees. Every organization hires a number of employees who specialize in their areas of operation. A responsible officer in Hong Kong needs to administer various synchronized activities of the Securities and Futures Commission (SFC). He or she will have to keep a check over different functions involving the current workflow, and operating procedures so that the organization fulfill the standards of securities and futures markets.

Apart from this, as a responsible office in Hong Kong organization, one has to implement his or her risk managing knowledge in the asset management industry to preserve and build up the inward control and fulfillment capacities for the business. To satisfy the demands of this role, one should have a good understanding of the SFC regulations that satisfy the needs of related fund type. Experience in a similar role with Nonprofessional Investors will be a plus point as one can easily understand the nature of duties, and work assigned to her or him.

The responsible officer in Hong Kong will have to administer the functioning of the company and is a challenging responsibility that can be fulfilled with hard-work, dedication, and of course proper knowledge. He will have to depend on different stuffs to establish an internal workflow that will help improve work efficiencies.

CFTC New Regulation Order Release’s Impact on SFC

The commodity futures trading commission (CFTTC) in America has recently released a regulation 30.10 order to SFC in Hong Kong that will decline the SFC license life or options traders from others following the United States registration criteria. In CFTC 30.4, an individual who asks for or accepts orders from US clients for future trading externally to the country must be registered with CFTC as future commission merchant if not excused.

It is essential to keep in mind that the exemption doesn’t include elongating to rules associated with trading in a direct or indirect manner, on United States exchanges, and does not apply to transactions in exchanges. Additionally, the exemptions also are not applicable to the licensed corporation implemented to combined oversight by HKMA and SFC, or some organization refers to oversight alone by HKMA. Regardless, the exemption for Hong Kong refers to future of the city and alternative traders and brokers a platform to contact American customers in a straightforward manner.

The rule set by CFTC allows individuals resided outside the United States to appeal for release from the criteria made in the regulation incorporating FCM registration needs. The appeal can be registered by overseas regulators for example SFC on the base of its registered companies. The release would be approved in case in the other things in the perception of the CFTC, US clients would be provided a safety level in the overseas law identical to that they would obtain in US so there is a related lawsuit platform to the United States.

Two months ago, rule 30.10 order was released that enables companies under SFC registration to deal with the customers resided in US in the direct manner about trading of future or alternatives on futures and alternative exchange related to the oversight of the SFC without being eligible to be registered with CFTC in the form of a FCM. A corporation licensed by SFC that expects to depend on this release is needed to make an application and register specific illustrations with the American national futures association by the SFC. Various overseas regulators as well as exchangers like Financial services authority in United Kingdom and Tokyo financial exchange in Japan have received the exemption in advance. The regulation order 30.10 released to SFC states that it is identified as a major regulator in the global market with firm regulatory platform and offers a place for registered companies in Hong Kong to connect with US customers in a direct manner. Find more information about the CFTC order and overseas exemption to learn about the SFC exemption.


Search online to access more information about the SFC registration and how the new release order by CFTC will have an impact on SFC licensed corporations. It is expected that the things will go smoothly. For more updates about SFC, stay connected. I will be back soon with more information on SFC. So if you are also one of the SFC registered companies, you should keep yourself updated with the new releases done by CFTC to prevent any unwanted effect as well as enjoy the lucrative and hassle-free facilities to contact with your customers.