Martin Wheatley, the SFC’s outgoing chief executive, said the papers were intended to “further enhance the transparency of our current regulatory and supervisory work over intermediaries”.
“By publishing these papers, external stakeholders are given a better understanding of how we regulate and supervise intermediaries, and what we thereby aim to achieve.”
The first paper, entitled Regulatory Framework for Intermediaries, seeks to outline the general role, and approach taken by, the SFC, as well as the underlying philosophy that guides it, in its regulation of advisers operating in Hong Kong.
The second paper, Approach to Supervision of Intermediaries, focuses on the specific processes underpinning the SFC’s approach.
The SFC said the two papers were being published as part of its "continual effort to enhance its communication with external stakeholders regarding its work, priorities, views on topical and important regulatory issues and other developments".
