Dear Valued Customer,
Arrangements for the launch of the Over-the-counter Securities Transactions Reporting Regime
Please be informed that the Over-the-counter Securities Transactions Reporting Regime (OTCR) will be launched on 25 September 2023.
Under the OTCR, Luk Fook Securities (HK) Limited (“we” or “Luk Fook Securities”) is required to report to the SFC:
(a) when Luk Fook Securities, whether as principal or agent, makes a transfer of shares in connection with a transaction not recorded by SEHK as an on-exchange order or required to be reported to SEHK as an off-exchange trade in respect of which stamp duty is chargeable in Hong Kong, except where (i) the transaction is granted stamp duty relief (whether in full or in part) from the Inland Revenue Department, or (ii) the transfer of shares is made in accordance with the terms of a structured product or a derivative, or for the conversion of a depository receipt into shares or vice versa; or
(b) when there is a deposit to or withdrawal from Luk Fook Securities, whether as principal or agent, of physical share certificates.
Thus, Luk Fook Securities is required to collect up-to-date client identification information (“CID”) from you and provide to the SFC such CID relating to you as the SFC may request from time to time. In case of any update to your identification information, please notify us and provide relevant supporting documents.
Upon the implementation of the OTCR, if Clients have not provided the consent* to “Updated Personal Information Collection Statement in relation to the Hong Kong Investor Identification Regime (HKIDR) and the Over-The-Counter Securities Transactions Reporting Regime (OTCR)”*, we will no longer be able to, as the case may be, provide Clients with services in relation to transfers of shares or deposits of physical share certificates into the Client’s account.
In February 2022, Luk Fook Securities sent out the relevant documents by post or email for obtaining Clients’ consent.Clients are kindly advised to check the mailing address or the email registered with Luk Fook Securities for relevant documents. Additionally, electronic consent forms can also be submitted through ouronline platform.If you have not yet furnished the necessary consent to Luk Fook Securities, we kindly ask you to do so promptly to facilitate the delivery of the securities services outlined.
Should you have any enquiries, please contact your Account Executive or call customer services hotline at +852 2980-0804. Thank you.
**Consent Form and updated CID Form have been uploaded toLFF website.
Yours faithfully,
Luk Fook Securities (HK) Limited
Arrangements for the launch of the Over-the-counter Securities Transactions Reporting Regime
Please be informed that the Over-the-counter Securities Transactions Reporting Regime (OTCR) will be launched on 25 September 2023.
Under the OTCR, Luk Fook Securities (HK) Limited (“we” or “Luk Fook Securities”) is required to report to the SFC:
(a) when Luk Fook Securities, whether as principal or agent, makes a transfer of shares in connection with a transaction not recorded by SEHK as an on-exchange order or required to be reported to SEHK as an off-exchange trade in respect of which stamp duty is chargeable in Hong Kong, except where (i) the transaction is granted stamp duty relief (whether in full or in part) from the Inland Revenue Department, or (ii) the transfer of shares is made in accordance with the terms of a structured product or a derivative, or for the conversion of a depository receipt into shares or vice versa; or
(b) when there is a deposit to or withdrawal from Luk Fook Securities, whether as principal or agent, of physical share certificates.
Thus, Luk Fook Securities is required to collect up-to-date client identification information (“CID”) from you and provide to the SFC such CID relating to you as the SFC may request from time to time. In case of any update to your identification information, please notify us and provide relevant supporting documents.
Upon the implementation of the OTCR, if Clients have not provided the consent* to “Updated Personal Information Collection Statement in relation to the Hong Kong Investor Identification Regime (HKIDR) and the Over-The-Counter Securities Transactions Reporting Regime (OTCR)”*, we will no longer be able to, as the case may be, provide Clients with services in relation to transfers of shares or deposits of physical share certificates into the Client’s account.
In February 2022, Luk Fook Securities sent out the relevant documents by post or email for obtaining Clients’ consent.Clients are kindly advised to check the mailing address or the email registered with Luk Fook Securities for relevant documents. Additionally, electronic consent forms can also be submitted through ouronline platform.If you have not yet furnished the necessary consent to Luk Fook Securities, we kindly ask you to do so promptly to facilitate the delivery of the securities services outlined.
Should you have any enquiries, please contact your Account Executive or call customer services hotline at +852 2980-0804. Thank you.
**Consent Form and updated CID Form have been uploaded toLFF website.
Yours faithfully,
Luk Fook Securities (HK) Limited