Hong Kong’s Securities and Futures Commission is developing policies and data protection for a new system of required identification codes that will enable it to identify the investors behind trades being made in real time, Bloomberg reported, citing Keith Lui, the agency’s executive director for market supervision. At present the commission can monitory live trading only at the brokerage level, but will eventually assign an identity record to each investor trading in the market, Lui said, declining to comment on the timing of the planned consultation. Unless the regulator can access client-level information, “we are skimming on the surface,” he said.
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