Hong Kong SFC Proposes Restrictions on Misleading Institutional Names

According to Odaily, the Hong Kong Securities and Futures Commission (SFC) has initiated a consultation aimed at curbing the misuse of names by unregulated entities, which may lead the public to mistakenly believe they are regulated institutions. In response to recent developments, the SFC proposes expanding the current list of restricted titles under the Securities and Futures Ordinance. The proposed changes would extend restrictions to commonly used terms implying 'exchange' and words referring to financial products and platforms regulated by the ordinance. The recommendations also cover titles that might suggest an affiliation with existing exchanges, virtual asset trading platforms, and similar institutions.