Dear Valued Client,
Arrangements
For the launch of the Over-the-counter Securities Transactions Reporting Regime
Reference is made to the circular issued by the Securities and Futures Commissions (“SFC”) dated 20 December 2022. The Over-the-counter Securities Transactions Reporting Regime (OTCR) will be launched on 25 September 2023.
Under the OTCR, Changjiang Securities Brokerage (HK) Limited ( “CJSBHK”) is required to report to the SFC (a) when CJSBHK, whether as principal or agent, makes a transfer of shares in connection with a transaction not recorded by SEHK as an on-exchange order or required to be reported to SEHK as an off-exchange trade in respect of which stamp duty is chargeable in Hong Kong, except where (i) the transaction is granted stamp duty relief (whether in full or in part) from the Inland Revenue Department, or (ii) the transfer of shares is made in accordance with the terms of a structured product or a derivative, or for the conversion of a depository receipt into shares or vice versa; or (b) when there is a deposit to or withdrawal from the CJSBHK, whether as principal or agent, of physical share certificates.
Thus, CJSBHK is required to collect up-to-date client identification information (“Client Identification Data” or “CID”) from you and provide to the SFC such CID relating to you as the SFC may request from time to time. In case of any update to your identification information, please notify us and provide relevant supporting documents.
Note：
Reporting is required to collect the updated client identification data and BCAN(s), account without BCAN assigned cannot perform the mentioned activities. For securities trading account without BCAN assigned, please notify CJSBHK and provide relevant supporting documents.
Should you have any questions, please contact the Customer Service Hotline at (852) 2823 0388 or 4008595579 during office hours.
Yours faithfully,
Changjiang Securities Brokerage (HK) Limited