The Securities And Futures Commission (SFC) is a non-governmental statutory body responsible for regulating Hong Kong's securities and futures markets. The SFC was established by the Securities and Futures Commission Ordinance (SFCO).

Submission of annual returns The Company and its LR are required to submit annual returns to the SFC through the SFC online portal within one month after each anniversary date of their licenses (section 138(4) of the SFO).

The SFC is an independent statutory body whose powers derive from the Securities and Futures Ordinance (SFO) legislation. The SFC is made up of a board whose members are appointed by the Chief Executive of Hong Kong for a fixed term, a majority of which must be independent Non-Executive Directors.

The SFC considers frequent complaints against an LC to be red flag for the firm's internal controls, conduct, operational capabilities and management supervision. We will take this into account when assessing the firm's risk and considering appropriate supervision and other responses.