Investor Presentaiton
Hong Kong Investor ID Regime
Overseas booking model
Un
Q&A
In relation to the question in the previous slide, please clarify who should be treated as direct
client and assigned with a BCAN under the PWM flow as follows:
Overseas
Corporate Clients /
US affiliate
UK affiliate
Individuals
Hong Kong
Regulated
Intermediary/
Exchange
Participant
Within the same group
SEHK
Regulated Intermediary executing an order which originates from a Corporate client or individual
who contracts with the US broker affiliate which in turn contracts with the UK affiliate of the
Regulated Intermediary. From the Regulated Intermediary's perspective, it treats its UK broker
affiliate as its direct client and those corporate clients or individuals of the US broker affiliate
remain anonymous to the Regulated Intermediary.View entire presentation