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The Hong Kong Securities and Futures Commission (SFC) has announced its Q3 results for its 2015/2016 financial year ending in March 31st. The independent regulator said license applications totaled 1,916 during the quarter ending December 31st and was up 12.3% Year-on-Year (YoY).
The agency is taking numerous steps across several verticals to improve its operations, such as regarding proposed updates of the guidelines for regulating automated trading services, short position reporting, client agreement requirements, and other upcoming changes. Furthermore, areas such as product development, listings, enforcement, and global regulatory collaboration were also noted as explained below and in the report.
[b]Q3 ... (read more)