eSeminar - CPT Bearing

Recap on Securities Margin Financing Requirements


*This eSeminar is previously known as "Update on Securities Margin Financing"

This eSeminar aims to provide practitioners an overview of the guidelines for Securities Margin Financing which were effective from 4 October 2019.

This is a Cantonese session supplemented with English materials.

Content Highlight

1. Internal Controls in General
2. Development of Securities Margin Financing (RA8)
3. Basic (Financial Resources) Rules (“FRR”)
4. Background and Key Requirements on Guidelines for Securities Margin Financing Activities (7 key risk control areas)
- Total margin loans controls
- Margin client credit limit controls
- Securities collateral concentration controls
- Margin client concentration controls
- Haircuts for securities collateral
- Margin calls, stopping further advances and forced liquidation
- Stress testing
5. Non-compliance, Self-Reporting and Penalties
6. Key Takeaways

Who Should Attend

This eSeminar is mainly targeted to licensed individuals who are involved in securities margin financing. It is also applicable to middle office and compliance department practitioners working in SFC licensed corporations.

Instructor / Speaker

Eugene LEE

Mr Lee was the Head of Legal & Compliance of a financial institution and has held various senior positions in the legal and compliance department in financial services and securities firms. Mr Lee obtained his BCom/LLB from University of New South Wales and MBA from University of South Australia. He is a fellow of Institute of Chartered Accountants Australia and New Zealand, member of the Hong Kong Institute of Certified Public Accountants, fellow of the Financial Services Institute of Australasia and senior fellow of the Hong Kong Securities and Investment Institute.

Administrative Details

Relevant Subject
Type 8 - Securities margin financing
Regulatory Compliance
Trad. Chi / Cantonese
SFC:1.00, PWMA:1.00
All Member: HKD200
Non-Member: HKD400
Staff of Corporate Member: HKD200