Requirements (ASP Licence) 
12/08/2014 
 
Actions Requirements
1. Submission of Form P1, Form P2 and Form P3

Applicants are required to submit duly completed application forms including:

  1. ASP Application Form for Market Data Application Service Provider Licence Agreement (Form P1),
  2. Datafeed Application Form for Market Data Application Service Provider Licence Agreement (Form P2); and
  3. Service Application Form for Market Data Application Service Provider Licence Agreement (Form P3)

(A letter of acknowledgement (“Letter P1”) will be issued to the applicant to acknowledge the receipt of the submission of the application forms.)

2. Documents to be submitted together with Form P1, Form P2 and Form P3 The following documents/information are required for licence application:
  1. Core business and company profile;
  2. Certificate of incorporation and business registration. 
  3. An Applicant who is not a Participant of the Stock Exchange of Hong Kong, the Hong Kong Futures Exchange, the Hong Kong Securities Clearing Company, the HKFE Clearing Corporation or the SEHK Options Clearing House (collectively hereinafter referred to as "HKEX EP/CP")  must have a paid-up capital (fully paid in cash) of no less than HK$ 7,500,000.  The minimum paid-up capital requirement for an Applicant who is a HKEX EP/CP is $5 million.  Capital in share premium is not acceptable.
  4. Organization structure - chart showing member companies associated with the Applicant with annotation on: (1) percentage of shareholding and (2) if any of the member or affiliate companies are an Exchange Participant of HKEX.  Please also provide the respective trading right IDs.
  5. Certified/official documents on latest shareholders’ equities/paid-up capital of the applicant company and Latest audited financial statement/annual report of the applicant company.  If the Applicant is financially supported mainly by its holding company, please also provide the financial report of the holding company.
3. Payment of One-Off Connection Fee

After the Form P1, Form P2 and Form P3 are considered duly, a confirmation letter (“Letter Q1”) will be issued to the applicant to require the applicant to pay the applicable One-Off Connection Fee. The One-Off Connection Fee is HK$10,000 for each datafeed product.The One-Off Connection Fee(s) will be fully refunded (without interest) to the applicant if its application is rejected. 

However, the One-Off Connection Fee(s) will not be refunded if the applicant itself decided to withdraw its application after the issuance of Letter Q1.