Relevant Regulated Intermediaries (RRIs)are reminded that the HKIDR will be launched on 20 March 2023. RRIs should also ensure that the HKIDR is updated with the required CID and BCAN information. This data must be collected, maintained and securely stored in accordance with the Code of Conduct and SEHK’s Rules. RRIs should also inform their clients about their rights regarding the collection, use, transfer and storage of such data, as prescribed by the Code of Conduct and SEHK Rules. RRIs should also be aware that under the HKIDR, they may be required to provide additional identification information in order to ensure their clients’ data is kept safe and secure.
In order to facilitate the launch of the HKIDR, SEHK will arrange a Pre-Release Test (PRT) for the upgraded Orion Trading Platform – Securities Market (OTP-C) and the Orion Central Gateway – Securities Market (OCG-C) from 9:00am to 12:10pm on 18 March 2023 (Saturday). During the PRT, EPs can verify their systems and involve their non-EP RRI clients in order to test the passing of orders with BCANs during the following Monday.
RRIs should also be aware that during the stabilisation period from 20 March 2023 to 31 March 2023 (both dates inclusive), they should closely monitor whether there is any failure in tagging BCAN to an order or any rejection of orders due to wrong BCAN format. In the event that an RRI faces unexpected technical difficulties in tagging BCANs. In the event that an RRI faces unexpected technical difficulties in tagging BCANs, it should contact SEHK on 2840-3626 or the SFC via firstname.lastname@example.org immediately.