Investor Presentaiton

Hong Kong Investor ID Regime Amendment of BCAN - Trade give-up un Q&A Whether there was any previous discussion around resubmission/amending BCANS for failed trades or accommodation. Otherwise, it could be clarified if these are considered erroneous BCAN or not under the rules as these trades are legit but failed or subsequently accommodated by Relevant Regulated Intermediaries. Previously one of the firms raised a question regarding give up flow whereby the client initially placed an agency order (the client's BCAN would be used for trading). However, after execution and at allocation phrase, the client could give up the trade to a swap broker and the swap broker will become the beneficiary of the transaction. It is not clear the expectation on whether we are required to file any BCAN amendment for this kind of activity. Refer to para 93 and 94, for cash to swap trades (i.e. trade give-up), an “erroneous BCAN" should be reported to SEHK. Indeed, trade give-up is a legitimate reason for amending BCAN. As such, the name of the "error report" seems to be misleading.. Can you cover the BCAN tagging arrangement of give-up trades in the webinar on Monday? This was raised in ASIFMA's responses to SFC's consultation under paragraph 2.3B but not specifically addressed by the SFC in the consultation conclusion

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