SFC to launch new online application and submission system for investment products
The Securities and Futures Commission (SFC) will launch a new online application and submission system named e-IP for investment products administered by the Investment Products Division on 29 July 2024 (Notes 1 and 2).
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 and post-authorisation or registration submissions, track the progress of applications, maintain information profiles of investment products and settle fee payments.
New product applications and post-authorisation or registration submissions can be submitted through e-IP once the new system is launched. The launch will be accompanied by a three-month parallel run of existing application and regulatory submissions channels until 29 October 2024 to facilitate market participants to familiarise with the new system.
A briefing session for the industry will be held before the launch of e-IP. User guides and online demo clips will be available on the SFC website and WINGS technical hotline will be available for e-IP users.
e-IP will promote digital or paperless processing and enhance the efficiency of processing applications and submissions for investment products from both applicants and SFC perspectives.
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Notes:
1.The investment products include investment-linked assurance schemes, mandatory provident fund products, open-ended fund companies, paper gold schemes, pooled retirement funds, real estate investment trusts, unit trusts and mutual funds and unlisted structured investment products.
2.A circular was issued today to market participants explaining the launch of the new system.
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