SFC licensing and compliance hints

By Rebecca Yip , Peter Poon and Jalen Kwok

Filling in SFC forms: Responsible officers and directors should note that in signing certain SFC forms on behalf of their firms, they need to declare that "all the information provided in the form is complete ... [and that they understand] that providing false or misleading information is an offence ... and that the SFC may take disciplinary action against a person who has made a false or misleading representation". Care therefore needs to be taken by responsible officers/directors prior to signing to ensure that they have enough information to confirm that all details in the form are accurate. If they are unsure about anything, they should ask questions to confirm the situation prior to signing.