The Hong Kong Securities and Futures Commission has launched a consultation on introducing an investor identification regime for the exchange-traded derivatives market, extending Hong Kong’s existing securities investor identification framework to on-exchange derivatives activity. The proposed Hong Kong Investor Identification Regime for the Derivatives Market would cover on-exchange orders for futures contracts, options contracts and stock options traded through the Hong Kong Futures Exchange Limited trading system. Licensed corporations and registered institutions providing brokerage services or conducting proprietary trading would be required to submit clients’ names and identity information to a centralised data repository, and to obtain clients’ express consent in line with the Personal Data (Privacy) Ordinance before collecting and passing on the information. The consultation period lasts three months, with feedback due by 22 December 2025. Implementation is expected in the first quarter of 2028.
Hong Kong Securities & Futures Commission 2025-09-22
Hong Kong Securities and Futures Commission consults on extending investor identification regime to exchange-traded derivatives
The Hong Kong Securities and Futures Commission is consulting on an investor identification regime for the exchange-traded derivatives market, extending the existing securities framework to include futures, options, and stock options. Licensed corporations and registered institutions must submit client identity information to a central repository, with client consent required under the Personal Data (Privacy) Ordinance.