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Supplemental Personal Information Collection (Local Securities) (For Individual)
If you do not hold a HKID Card, you need to provide your consent and latest personal data to us later. Please stay tuned to this page for latest updates and other related arrangements.
The Securities and Futures Commission (SFC) has introduced an investor identification regime (HKIDR) at trading level for the securities market in Hong Kong and an over-the-counter securities transaction reporting regime (OTCR) for shares listed on The Stock Exchange of Hong Kong (SEHK). HKIDR and OTCR will be implemented tentatively in the second half of 2022 and the first half of 2023 respectively, subject to SFC and SEHK’s further announcement.
Under HKIDR, we will have to assign a Broker-Client Assigned Number (BCAN) to each of our securities customer/ joint account (as the case may be) and tag the BCAN to our clients’ securities orders. We will also have to submit to SEHK’s data repository the client identification data (CID) (i.e., names and identity document information) of clients placing securities orders on SEHK or who conduct off-exchange trades reportable to SEHK. This will allow relevant regulators to quickly obtain information about investors who place orders and enhance relevant regulators’ market surveillance function.
Separately, information about OTC securities transactions in ordinary shares and real estate investment trusts listed on SEHK as well as deposits and withdrawals of physical share certificates will be reported to SFC under OTCR.
Provide consent in 5 simple steps
For complying with the rules and requirements of SEHK and SFC and Personal Data (Privacy) Ordinance in effect from time to time, we are required to obtain express consent from you on the collection, storage, processing, use, disclosure and transfer of your personal data (including disclosing and transferring your CID and BCAN, which are identifiers under respective regimes, namely HKIDR and OTCR, to SEHK and/or SFC). Otherwise, we will not be able to carry out your trading instructions or provide services to you in relation to securities listed or traded on SEHK (e.g. If the client consent cannot be obtained from you, under HKIDR, we should not submit any buy orders or trades to SEHK for you. Similarly, under OTCR, if the client consent cannot be obtained from you, we should not effect transfers of shares or deposits of physical share certificates into your account).
To fulfill SFC’s requirement, you need to:
1. Hong Kong Identity Card
2. National identification document
3. Passport
If you are holding a HKID Card, you can provide consent via Hang Seng Personal e-Banking, Hang Seng Personal Banking mobile app, Hang Seng Invest Express mobile app
or branches.
If you do not hold a HKID Card, you need to provide your consent and other identification documents to us according to SFC's requirement.
The ways for providing consent above will be launched soon, we will obtain the consent according to relevant identity document type in stages, please stay tuned.
To find out more details about HKIDR or OTCR, please visit SFC and HKEX website.
If we do not receive consents from all account holders of the same account and the most up-to-date personal data in the priority for CID specified by SFC, we will not be able to carry out your trading instructions or provide services to you in relation to securities listed or traded on SEHK (e.g. If the client consent cannot be obtained from you, under the HKIDR, we should not submit any buy orders or trades to SEHK for you. Similarly, under OTCR, if the client consent cannot be obtained from you, we should not effect transfers of shares or deposits of physical share certificates into your account)
Yes, all account holders need to provide consent and the most up-to-date personal data following the order of priority for identity document type as specified by the SFC respectively. Otherwise, we will not be able to carry out your trading instructions or provide services to you in relation to securities listed or traded on SEHK (e.g. If the client consent cannot be obtained from you, under the HKIDR, we should not submit any buy orders or trades to SEHK for you. Similarly, under OTCR, if the client consent cannot be obtained from you, we should not effect transfers of shares or deposits of physical share certificates into your account).
No, each customer needs to provide consent to us once only.
Yes, you need to provide consent to Hang Seng.
After HKIDR is implemented, we will assign Broker-Client Assigned Number and submit to SEHK’s data repository the client identification data (CID) (i.e. names and identity document information) when all account holders have provided consent and the most up-to-date personal data following the order of priority for identity document type as specified by the SFC. Upon receipt of confirmation from SEHK on your CID registration, the Bank will notify you the status via SMS (only for personal account customers).
Yes, you can withdraw your consent after it is provided. You can also provide your consent again after it is withdrawn, but you will have to provide the most up-to-date personal data following the order of priority for identity document type as specified by the SFC again.