Investor Presentaiton

OTC Securities Transactions Reporting Regime OTC securities transactions booked overseas. un Where an OTC securities transaction is booked overseas but arranged by a Relevant Regulated Intermediary for a client of its overseas affiliate: OTC Securities Transactions Reporting Regime A Relevant Regulated Intermediary is only subject to reporting obligation if it makes a share transfer in connection with a transaction chargeable with stamp duty in Hong Kong. When the Relevant Regulated Intermediary does not make the share transfer, the corresponding OTC securities transaction is not reportable even if the Relevant Regulated Intermediary arranges for a client of an overseas affiliate to buy or sell Hong Kong stocks by way of an OTC securities transaction Time to report under the regime will be based on transfer date but not the trading day or stamp duty payment date - SFC rejected the idea of changing the time to report cross- border trades to 30 days after the trading day as it would unnecessarily complicate the regime

View entire presentation