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Account opening

Paragraph 5.1 of the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission (Code of Conduct) requires a licensed or registered person to take all reasonable steps to establish the true and full identity of each of its clients. Where an account opening procedure other than a face-to-face approach is used, it should be one that satisfactorily ensures the identity of the client.

To help intermediaries comply with paragraph 5.1 of the Code of Conduct, the SFC publishes acceptable account opening approaches as well as relevant circulars and frequently asked questions. The information is published under section 5(4)(e) of the Securities and Futures Ordinance.

Please click here to view the relevant regulatory requirements.

Please click here to view the acceptable account opening approaches.

Last update: 27 Nov 2019

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