Investor Presentaiton
Hong Kong Investor ID Regime
Overseas booking model.
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Q&A
We note that para 62 of the consultation conclusion specifically clarified that where a
Relevant Regulated Intermediary (RI) books a securities order with an overseas broker before
routing the order back to an EP, such RI shall tag the client's BCAN with such order. A few
industry members adopt remote booking/global account carrier model for their execution
services in the sense that clients will open trading account with overseas affiliate of a RI/EP
and their orders will be booked into such overseas affiliate which further routes the orders to
the EP for execution. However, execution desk of RI/EP may directly liaise with certain clients
for order placing under such remote booking/global account carrier model. Please clarify if
the remote booking/global account carrier model mentioned above will be in scope for the
purpose of para 62.View entire presentation