SFC Rules definition

SFC Rules means the rules and guidance of the SFC as set out by the SFC; (https://www.sfc.hk/web/EN/rules-and-standards/codes-and-guidelines/;
View Source
SFC Rules means rules, regulations, codes or guidelines issued, revised or supplemented by SFC from time to time; “SF Ordinance” means the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong);
View Source

Examples of SFC Rules in a sentence

  • The SFC Rules requires a person holding or controlling a reportable position, which is similar to the concept of Large Open Position prescribed in the Rules of Futures Exchange, to notify the recognized exchange company of any reportable position in writing, i.e. the Large Open Position Report (“LOP Report”).

  • In general, the prescribed limits in schedule 1 of the SFC Rules are also reflected in the Rules of Futures Exchange.

  • EachE of Galaxy International Futures and the Client is prohibited from entering into, holding or controlling more than thethe prescribed limits, unless the excess is expressly authorised by the Futures Exchange oror SFC in accordance with the SFC Rules.

  • The Client hereby acknowledges the responsibilities of reporting and reporting requirements set out herein, the Rules of SEHK, Options Trading Rules of SEHK, Operational Trading Procedures of SEHK, SFC Rules and Guidance Notes.

  • The Client should make reference to the HKEX website for the latest reporting levels: ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇.▇▇/Services/Trading/Derivatives/Overview/Trading-Mechanism/Large-Open-Positions-and-Position-Limits?sc_lang=en Each of Galaxy International Securities and the Client is prohibited from holding or controlling positions more than the reporting levels unless the position held or controlled is reported to the SEHK and/or other recognized exchange pursuant to the SFC Rules.

  • This is similar to the concept of “reportable position” prescribed in the SFC Rules.

  • The reportable positions for futures contracts are calculated based on the number of contracts held or controlled for a contract month or series and the reporting levels are specified in schedule 1 of the SFC Rules.

  • The reportable positions for stock options contracts are calculated based on the number of contracts held or controlled in an expiry month and the reporting levels are specified in schedule 2 of the SFC Rules.

  • EachE of Galaxy International Futures and the Client is prohibited from holding or controlling positions more than thethe reporting levels unless the position held or controlled is reported to the Futures and/or other recognized exchange pursuant to the SFC Rules.

  • For the purposes of the Options Trading Rules and the Operational Trading Procedures, Large Open Position is similar to the concept of “reportable position” prescribed in the SFC Rules.