Friday April 27 2018
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=18PR44
On 27th April 2018, the Securities and Futures Commission (SFC) launched a two-month consultation on proposed enhancements to the Investor Compensation Regime.
Key proposals include increasing the compensation limit from $150,000 to $500,000 per investor per default and covering northbound trading under Mainland-Hong Kong Stock Connect .
In addition, the SFC proposes to raise the trigger levels for suspending and reinstating the Investor Compensation Fund levies from $1.4 billion to $3 billion and from $1 billion to $2 billion respectively . This will not affect the levy suspension currently in place .
The SFC has invited Market Participants to make submissions on the proposed measures. The deadline for submissions is 27th June 2018.
For additional information please click the link above