Securities & Futures Ordinance (Cap. 571): Commentary & Annotations 2025

Over the past five years since the previous edition, the legal landscape around the Securities and Futures Ordinance (SFO) has been particularly active, keeping legal professionals engaged with numerous cases and enforcement actions. A search of the Judiciary's website reveals 191 judgments related to the SFO, and the Securities and Futures Commission has issued 313 enforcement news items during this period. These developments are reflected in the current edition, with many of these matters involving the General Editor and the expert contributors of this title. 

The 2025 Edition of Securities and Futures Ordinance (Cap.571) continues to be a valuable resource for those engaged in this dynamic and rapidly evolving area of law. 

table of content

PART I PRELIMINARY

PART II SECURITIES AND FUTURES COMMISSION

PART III EXCHANGE COMPANIES, CLEARING HOUSES, EXCHANGE CONTROLLERS, INVESTOR COMPENSATION COMPANIES, AND AUTOMATED TRADING SERVICES

PART IIIA OTC DERIVATIVE TRANSACTIONS

PART IV OFFERS OF INVESTMENTS

PART IVA OPEN-ENDED FUND COMPANIES

PART V LICENSING AND REGISTRATION

Part VI CAPITAL REQUIREMENTS, CLIENT ASSETS, RECORDS AND AUDIT RELATING TO INTERMEDIARIES

PART VII BUSINESS CONDUCT, ETC. OF INTERMEDIARIES

PART VIII SUPERVISION AND INVESTIGATIONS

Part IX DISCIPLINE, ETC.

PART X POWERS OF INTERVENTION AND PROCEEDINGS

PART XI SECURITIES AND FUTURES APPEALS TRIBUNAL

PART XII INVESTOR COMPENSATION

PART XIII MARKET MISCONDUCT TRIBUNAL

PART XIV OFFENCES RELATING TO DEALINGS IN SECURITIES AND FUTURES CONTRACTS, ETC.

PART XIVA DISCLOSURE OF INSIDE INFORMATION

PART XV DISCLOSURE OF INTERESTS

PART XVI MISCELLANEOUS

PART XVII REPEALS AND RELATED PROVISIONS