FIA has responded to the Securities and Futures Commission's consultation on the Proposed Hong Kong Investor Identification Regime for the Derivatives Market. FIA expresses support for the overall direction of the proposals and recognises the important role that an effective investor identification framework would play in strengthening market transparency, enhancing surveillance and supporting the continued development of Hong Kong’s derivatives market.
The response also offers recommendations on the treatment of Broker-to-Client Assigned Numbers (BCANs) for non-RRI overseas affiliates of international firms, emphasises the importance of aligning implementation timelines with the HKEX Orion rollout, and seeks clarification on certain operational areas, including block trade workflows and bulk upload functionality.
Read the response in full here.
