Regulation explainers compiled from the RegSir knowledge base (3,765 official documents, 120,711 provision paragraphs) — clause by clause, with official source links to elegislation / sfc.hk.
How the broker-client BCAN mapping works, client consent, the implementation timeline, and preparation points for the OTC derivatives reporting regime launching 2028.
Read guide → CODE OF CONDUCT 5.1 · ONBOARDINGSix recognised onboarding approaches unpacked — in-person certification, third-party verification, e-certification, designated bank accounts, overseas remote opening (31 eligible jurisdictions), and iAM Smart.
Read guide → CAP.571AJ · SUBSIDIARY LEGISLATIONHK$30M or 0.02% thresholds, Friday positions, T+2 reporting window, designated securities list, trustee responsibilities — with the BGC / Cenurous Capital enforcement examples.
Read guide → LICENSING · APPLICATIONSChoosing Type 1/4/9, corporate requirements (two ROs, liquid capital), the WINGS filing process, what the 15-week pledge really means, and the most common delay and rejection causes.
Read guide → COMPETENCE GUIDELINES · RORO vs licensed representative, how relevant industry and management experience are assessed, the non-sole condition, and CPT requirements — mapped clause by clause.
Read guide → INSPECTIONS · SUPERVISIONHow risk-based and thematic inspections work, what inspectors actually sample, the RO/MIC role on-site, and how to answer a deficiency letter without escalating.
Read guide → ENFORCEMENT · PROCEDURETell letter types apart, statutory compliance duties under s.183, s.378 secrecy limits, deadlines and SFAT appeals — and when to call a lawyer immediately.
Read guide → AMLO CAP.615 · AML/CFTThe five CDD measures, trigger points (HK$120,000), PEP tiers and EDD, 5-year record-keeping, JFIU suspicious-transaction reporting and the tipping-off offence.
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