Investor Identification regime for the securities market in Hong Kong (HKIDR) implemented at trading level for the securities listed or traded on the trading system used by The Stock Exchange of Hong Kong Limited (“SEHK”) on March 20, 2023.

Under the HKIDR, Everbright Securities International* is required to:-

• collect Client Identification Data (“CID”) from clients;
• assign to each of the clients a unique Broker-to-Client Assigned Number (“BCAN”);
• submit client’s CID along with the BCAN to the SEHK and/or SFC; and
• make sure client(s) has/have provided express consent in order to continue to enjoy relevant Hong Kong Securities Trading services offered by Everbright Securities International.

*Our securities trading services are provided by Everbright Securities Investment Services (HK) Limited (“EBSISHK”), Everbright Securities Digital Finance (HK) Limited (“EBSDFHK”) and China Everbright Securities (HK) Limited (“CESHK”). Both EBSISHK and EBSDFHK are wholly-owned subsidiaries of China Everbright Securities International Company Limited (“CEBSI”). CESHK is a wholly-owned subsidiary of Everbright Securities International (HK) Limited, an associated company of CEBSI. All these companies are collectively referred to as “Everbright Securities International” or “EBSI”.

Last Update: 2023-06-26

Under the HKIDR, EBSI* has to assign each of the clients a BCAN for his/her account with EBSI. EBSI will only process relevant BCAN registration after receiving the consent from the client.

*Our securities trading services are provided by Everbright Securities Investment Services (HK) Limited (“EBSISHK”), Everbright Securities Digital Finance (HK) Limited (“EBSDFHK”) and China Everbright Securities (HK) Limited (“CESHK”). Both EBSISHK and EBSDFHK are wholly-owned subsidiaries of China Everbright Securities International Company Limited (“CEBSI”). CESHK is a wholly-owned subsidiary of Everbright Securities International (HK) Limited, an associated company of CEBSI. All these companies are collectively referred to as “Everbright Securities International” or “EBSI”.

Last Update: 2022-06-08

The SFC has announced the implementation of the OTCR in the first half of 2023.
OTCR relevant transactions refer to, among other things:

• transfers of shares made in connection with an OTC securities transaction (i.e. a transaction not recorded by SEHK) in respect of which stamp duty is chargeable in Hong Kong, except where the transaction is granted stamp duty relief (whether in full or in part) from the Inland Revenue Department; or
• deposits and withdrawals of physical share certificates.

Under the OTCR, EBSI has to: (1) report the CID of clients, including the transferee and/or transferor of shares, to the SFC when EBSI, whether as principal or agent, makes the relevant transfer; or (2) report the CID of clients to the SFC when EBSI, whether as principal or agent, deposits or withdraws physical share certificates.

Last Update: 2022-06-08

As announced by the SFC, HKIDR has been launched since March 20, 2023.

Last Update: 2023-06-26

As announced by the SFC, OTCR will be launched on 25 September 2023.

Last Update: 2023-02-02

Only individual clients who have individual and/or joint account maintained under EBSI is required to provide consent in order to enjoy relevant Hong Kong Securities Trading services after the HKIDR and OTCR come into effect.

Last Update: 2022-06-08

The HKIDR and OTCR are applicable to the Hong Kong securities market only.

Last Update: 2022-06-08

Failure to provide consent, or if you disagree with the consent, will mean that EBSI will not, or will no longer, be able to carry out your buy orders of securities after the implementation of the HKIDR and OTCR.

Transfer-in of shares and deposit of physical share certificates to account(s) with us will not be accepted either, and you would only be able to sell or transfer out your existing holdings or withdraw physical share certificates, if any.

Last Update: 2022-06-08

The HKIDR and OTCR are applicable to any client who would like to carry out relevant Hong Kong Securities Trading services (which include purchase of securities, transfer-in of shares and deposit of physical share certificates to account(s)).

Last Update: 2022-06-08

Client Consent is only applicable to clients who maintain individual and/or joint account with Everbright Securities International.

Last Update: 2022-06-08

Client Consent is obtained and maintained at client level. Clients who maintain accounts under Everbright Securities Investment Services (HK) Limited (“EBSISHK”), Everbright Securities Digital Finance (HK) Limited (“EBSDFHK”) and China Everbright Securities (HK) Limited (“CESHK”) are only required to provide one Client Consent to us.

Last Update: 2022-06-08

Yes, all account holders of joint account are required to provide their consent and sign on the same Client Consent.

Last Update: 2022-06-08

Client may withdraw his/her Client Consent previously submitted to us anytime. Please be reminded that withdrawal of Client Consent may mean that Everbright Securities International will not, or will no longer be able to, as the case may be, carry out your trading instructions or provide you with securities related services (other than to sell, transfer out or withdraw your existing holdings of securities, if any).

Last Update: 2022-06-08

Client is required to provide separate client consent for the HKIDR and OTCR even if previous client consent is submitted for Shanghai-Hong Kong Stock Connect / Shenzhen-Hong Kong Stock Connect.

Last Update: 2022-06-08

No acknowledgement will be sent to client upon submission. Client is strongly advised to keep a record of the Client Consent he/she has submitted to us.

Last Update: 2022-06-08

EBSI may collect, store, process, use, disclose and transfer personal data relating to clients (including CID and BCAN(s) together with any requisite data relating to your transaction and/or account as required by the Regulatory Rules (as defined below)) as required for EBSI to provide services to clients in relation to securities listed or traded on SEHK or traded on any over-the-counter market, network or facility and for complying with the rules and requirements of SEHK and the SFC (“Regulatory Rules”) in effect from time to time.

Last Update: 2022-06-08

Each broker is required to obtain independent Client Consent from its clients.

Last Update: 2022-06-08

Each broker, including Everbright Securities International, is required to assign to each of the clients a unique BCAN.

Last Update: 2022-06-08

Failure to provide Everbright Securities International with your personal data or Client Consent may mean that Everbright Securities International will not, or will no longer be able to, as the case may be, carry out your trading instructions or provide you with securities related services (other than to sell, transfer out or withdraw your existing holdings of securities, if any).

Last Update: 2022-06-08

For account holder of individual and or joint trading account(s), you may sign and return Client Consent to your Wealth Manager or directly return the signed Client Consent to us by post to the following address:

28/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong.

In addition, if you are the account holder of individual trading account(s), you may choose to provide your Client Consent to us through one of the below channels:

• Online Trade Portal
• eMO! mobile app
• Online submission via https://www.ebshkfg.com/hkidr/en/

Last Update: 2022-06-08

There is no actual deadline for submission. However, once the HKIDR is officially launched by SEHK and the SFC, Everbright Securities International will not, or will no longer be able to, as the case may be, carry out your trading instructions or provide you with securities related services (other than to sell, transfer out or withdraw your existing holdings of securities, if any) if no Client Consent is obtained from client. Therefore, Client can submit Client Consent anytime they wish.

Last Update: 2022-06-08

If you have successfully submitted online form before 4 pm on the trading day, you could buy HK Stock on the next trading day.

Last Update: 2023-03-15