Hong Kong SFC proposes further restrictions on the use of misleading names to enhance investor protection

Odaily News The Securities and Futures Commission of Hong Kong today launched a consultation aimed at restricting unregulated institutions from inappropriately adopting names that may cause the public to mistakenly believe that they are regulated institutions. In this regard, in line with recent developments, the SFC proposed to expand the existing list of restricted titles under the Securities and Futures Ordinance. In addition, the proposal will extend the scope of restrictions to common words with similar meanings to exchanges and words that refer to certain financial products and platforms regulated by the Securities and Futures Ordinance. The proposal will also cover titles that may imply an association with existing exchanges, virtual asset trading platforms and other similar institutions. (Jinshi)