On Jul. 8, HK SFC said it will launch service for investment products.
HK SFC said it will launch a new online application and submission system named e-IP for investment products that are administered by the Investment Products Division.
Follows HK SFC Nov. 2020 issued changes to the HK SFC online portal, see #89902.
Also follows HK SFC Jun. 2023 published annual report for year 2022-23, #176912.
System Details and Launch Timeline
HK SFC said e-IP is developed on the existing WINGS portal and will serve as a one-stop online platform specifically for e-IP users to submit new product applications.
In addition, to submit post-authorization or registration submissions, track progress of applications, maintain profiles of investment products and settle fee payments.
HK SFC said new product applications as well as post-authorization or registration submissions can be submitted via e-IP once the new system is launched and goes live.
The launch will be accompanied by a three-month parallel run of existing application and regulatory submissions channels until Oct. 29, 2024, to facilitate familiarization.
Effectiveness
e-IP system will be launched on Jul. 29, 2024.
Oct. 2024 Full Adoption
On Oct. 24, 2024, HK SFC extended parallel run period for e-IP system by 1 month.
From Nov. 30, 2024, all applications and submissions for investment products managed by Investment Products Division (IPD) must be submitted via e-IP system.
