Regulatory Alerts2025-09-12
Added · Updated
Enhanced Facilitative Measure for Visiting Professionals and Revised SPM Module SB-1
The Securities and Futures Commission issued a circular on 12 September 2025 to implement an enhanced facilitative measure for visiting professionals and to revise Supervisory Policy Manual Module SB-1. This revision updates the regulatory framework governing the supervision of regulated activities conducted by SFC-registered authorized institutions. The document supersedes previous versions of SPM SB-1 and related circulars to align supervisory expectations with current market practices.
CIR
Current
Issue Date:
12 Sep 2025
20250911-1-EN.pdf (161.3 KB)
Topic:
Miscellaneous - SFC/IA/MPFA
Supervisory Approach
Wealth Management & MPF - Securities/investment products
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
SPM-SGL
Current
12 Sep 2025
SB-1 Supervision of regulated activities of SFC-registered authorized institutions
CIR
Archive
10 May 2024
Supervisory Policy Manual (SPM) SB-1: “Supervision of regulated activities of SFC-registered authorized institutions” (Revised)
CIR
Archive
27 Jul 2023
Depositaries of SFC-authorised Collective Investment Schemes (Type 13 Regulated Activity)
CIR
Archive
27 Jul 2023
Depositaries of SFC-authorised Collective Investment Schemes (Type 13 Regulated Activity)
Enclosure: SFC circular of 27 July 2023
SPM-SGL
Current
12 Sep 2025
SB-1 Supervision of regulated activities of SFC-registered authorized institutions
Cross referenced Document
Version History
CIR
Archive
10 May 2024
Supervisory Policy Manual (SPM) SB-1: “Supervision of regulated activities of SFC-registered authorized institutions” (Revised)
CIR
Archive
27 Jul 2023
Depositaries of SFC-authorised Collective Investment Schemes (Type 13 Regulated Activity)
CIR
Archive
27 Jul 2023
Depositaries of SFC-authorised Collective Investment Schemes (Type 13 Regulated Activity)
Enclosure: SFC circular of 27 July 2023
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