SFC was launched investor identification regime on 20 March 2023
The Securities and Futures Commission (SFC) has announced that the investor identification regime for the securities market in Hong Kong (HKIDR) was launched on 20 March 2023.
Upon the launch of the HKIDR, relevant licensed corporations and registered institutions are required to tag Broker-to-Client Assigned Numbers (BCANs) to securities orders to be executed on SEHK (or off-exchange trades reportable to it), and submit to SEHK’s data repository the names and identity document information of their clients.
For details, please refer to SFC Press Release: SFC to launch investor identification regime in March 2023.
The SFC has produced two videos (i.e. “Unlocking Investor ID” – Full Video and Highlights versions) for investor education of the regimes. The videos introduce the regimes to public investors, explain what they are required to do and address their major concerns under the regimes.
For details, please refer to SFC’s dedicated webpage: Investor Identification and OTC Securities Transactions Reporting.
Upon the implementation of the HKIDR regime, Clients who fail to provide with the consent* and/or updated CID Form** (if any) to Luk Fook Securities (HK) Limited, we will no longer be able to, as the case may be, carry out Client’s trading instructions or provide with securities related services (other than to sell, transfer out or withdraw Client’s existing holdings of securities, if any).
In February 2022, Luk Fook sent out the relevant documents and Consent Form by post or email for Client’s signatures. Please pay attention to the registered corresponding address or registered email with Luk Fook Securities (HK) Limited. Clients may also provide the consent through our online platform. Please make sure to return the Consent Form and/or updated CID Form on or before 28 February 2023.
Should you have any enquiries, please contact your Account Executive or call customer services hotline at +852 2980-0804.
*Consent Form and updated CID Form have been uploaded to LFF website.
**CID refers to the client’s name, ID type and number; and issuing country or jurisdiction.