The SFC and Its Scope of Power
The Securities and Futures Commission (SFC) is an independent
non-governmental statutory body whose authority is to regulate Hong
Kong s financial markets. The Securities and Futures Ordinance
(SFO) came into operation in April 2003 and it contains civil and
criminal provisions for dealing with financial
misconduct.
Commencement of SFC Enforcement Action
Pursuant to section 182 of the SFO, the SFC may conduct
investigations into any matter relating to:
any offences under the SFO;
defalcation, fraud or misconduct in
connection with dealing in or managing an investment in securities,
futures contract or leveraged foreign exchange contract;
market misconduct;