Relevant Industry Experience for Responsible Officer Applications

When assessing candidates for responsible officer roles, the Securities and Futures Commission, SFC, recognizes a broad spectrum of relevant industry experience tailored to the nature of the regulated activity. General experience includes hands-on involvement in regulated activities, either in Hong Kong or in similarly regulated markets abroad, and may also encompass exempted activities that align with the proposed role. For those in asset management, the SFC considers backgrounds in proprietary trading, investment research, alternative investments, and even related functions such as fund sales, marketing, and risk management. In the private equity space, experience in valuation, due diligence, strategic consulting, investment monitoring, and transaction structuring is highly relevant. Meanwhile, candidates in financial technology are expected to have direct experience with the technologies that underpin the regulated activities of their firm. This flexible approach ensures that applicants are evaluated holistically, with consideration given to both traditional and emerging skill sets.