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HKEx intends to rely on SEC Class No-action Relief letter covering foreign options markets and certain options traded on them

Corporate
27 Aug 2015

The Stock Exchange of Hong Kong Limited (SEHK) and Hong Kong Futures Exchange Limited (HKFE), subsidiaries of Hong Kong Exchanges and Clearing Limited (HKEx), have notified the US Securities and Exchange Commission (SEC) that they and/or their Participants intend to engage in limited activities to familiarize certain registered broker-dealers and other financial institutions in the US with certain options traded on their markets, in reliance on and subject to compliance with the conditions specified in the SEC class no-action relief letter that is dated 1 July 2013 and applies to all foreign options markets and their members and representatives.

The eligible options products are HKFE's stock index options, including Hang Seng Index options, H-shares Index options and Mini Hang Seng Index options, and SEHK's single stock options.

For additional information on the class no-action relief, please see the circulars issued by SEHK and HKFE.


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Updated 27 Aug 2015