The Securities and Futures Commission (SFC) will extend the waiver of annual licensing fees for another two-year period effective from 1 April 2016. This initiative will benefit more than 41,000 corporate and individual licensees and registrants (Notes 1 & 2).
"Recognising the challenging market environment in which intermediaries operate, we hope the two-year fee waiver will provide a certain degree of financial relief for them, particularly smaller firms," said Mr Ashley Alder, Chief Executive Officer of the SFC.
Notes:
- The fee waiver applies to all licensed corporations, registered institutions, responsible officers and representatives.
- The SFC waived annual licensing fees from 1 April 2009 to 31 March 2010 and renewed the fee waiver from 1 April 2012 to 31 March 2016.
- The SFC will issue a circular today about the fee waiver.