Licensed corporations and individuals carrying out the following regulated activities:

• Dealing in securities
  
• Dealing in futures contracts
  
• Leveraged foreign exchange trading
• Advising on securities
• Advising on futures contracts
  
• Advising on corporate finance
  
• Providing automated trading services
  
• Securities margin financing
  
• Asset management

• Set licensing standards to ensure that all practitioners are fit and proper
  
• Approve licenses and maintain a public register of licensees
  
• Issue codes and guidelines to inform the industry of its expected standard of conduct
  
• Monitor licensees¡¦ financial soundness and compliance with ordinance, codes, guidelines, rules and regulations
  
• Handle misconduct complaints against licensees
  
• Investigate and take action against misconduct

• Set standards for the authorization and regulation of investment products
• Authorize investment products offered to the public and their promotion (including advertisements and marketing materials)

• Approve changes to the Listing Rules
  
• Monitor announcements and vet listing application materials under the Dual Filing regime
  
• Administer the Codes on Takeovers and Mergers and Share Repurchases
  
• Consider requests for exemptions from prospectus requirements under the Companies Ordinance
  
• Enquire into listed companies¡¦ suspected prejudicial or fraudulent transactions or provision of false or misleading
• information to the public

Hong Kong Exchanges and Clearing Limited (HKEx)

• Oversee the performance of its role as the frontline regulator of listing-related matters
  
• Approve the creation of new markets, new products and changes to its rules and regulations
  
• Monitor HKEx ¡s own compliance with the Listing Rules
  
• Monitor the trading of shares, options and futures on its markets
• Oversee its systems and technology

• Approve the Federation of Share Registrars  as an association whose members shall be approved share registrars
• Require approved share registrars to comply with the requirements of the Code of Conduct for Share Registrars

Investor Compensation Company Limited (ICC)

•  Recognise the ICC as an independent  compensation  company
  
• Approve the rules and any amendment of rules of the ICC
  
• Require the ICC to prepare and regularly submit financial statements, auditors¡¦ report and other documents to the SFC

• Monitor unusual market movements and direct trade suspension of related stocks to maintain an informed and orderly market
• Investigate and take action against market misconduct and other breaches of the law