In its Quarterly Report for July to September 2009, the Securities and Futures Commission (SFC) notes that it has made a number of proposals to enhance investor protection based on issues identified in its various investigations into the sales of Minibond products. Using powers under the Securities and Futures Ordinance, the SFC had helped arrange the repurchase scheme for 16 Minibond distributing banks in the best interests of the investing public.
The SFC has also launched the first phase of its On-line Portal which allows more than 36,000 licensees, registrants and associated entities the option of submitting many licensing-related documents electronically and to receive SFC messages via the Internet.