SFC reports 50% increase in issuance, aims at derivatives rules

The Securities Financial Commission (SFC) authorised 279 unlisted structured investment products (SIPs) during the year ended in March 2023, a 49.2% increase compared to the 187 structures in the prior-year period, according to the report. The figure also represented a continued growth from FY20/21 where 146 unlisted SIPs were authorised in Hong Kong SAR, which are recorded on a ‘one product per key facts statement’ basis. The SIPs consist of equity-linked investments (ELIs) and st