In an uncertificated, or paperless, securities market, investors could hold and transfer securities in their own name without share certificates or other paper documents. The digitisation of securities holdings and elimination of manual processes would enhance post-trade settlement and servicing, making our markets more efficient and globally competitive. Click here to read the consultation paper.
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The SFC, HKEX and the Federation of Share Registrars Limited jointly released consultation conclusions on a proposed operational model for implementing an uncertificated securities market (USM) in Hong Kong.