Hong Kong Investor Identification Regime and other regulatory initiatives impacting our Hong Kong Stock Trading Services

• Under the above regulatory initiatives, you need to provide us with your consent to pass your personal data to the SEHK, SFC, the issuer’s share registrar, HKSCC and/or any parties involved in the IPO (where applicable).
• The easiest way to provide us with your consent is to do it via our Personal Internet Banking. If you have not registered for our Personal Internet Banking, please visit the HSBC HK website, select 'Log on', then 'Register for Personal Internet Banking' to understand more on how to access to Personal Internet Banking.
• If you have access to our Personal Internet Banking, you can provide consent starting from end of September (via HSBC Online Banking) / mid of October (via HSBC HK Easy Invest app or HSBC HK Mobile Banking app)¹. For details, please follow the guidance in the below section 'Step-by-Step Guidance on How to Provide Consent'.

You must ensure that we have your most up-to-date Client Identification Data (CID) at all times, which must also be provided in accordance with the order of priority below:

1. HKID card;
2. national identification document;
3. passport

No other form of CID will be accepted. If you have CID which is higher in priority than that previously provided to us, or if there are any changes to your CID, you must notify us immediately.

CID includes:

• full name as shown on your identification document;
• issuing country or region of the identification document;
• identification document type; and
• identification document number.

If you wish to update your existing CID with us, you can also do it via HSBC Online Banking (staring from end of September), HSBC HK Mobile Banking app or HSBC HK Easy Invest app (starting from mid of October). For details, please follow the guidance in the below section 'Step-by-Step Guidance on How to Provide Consent'

Investor Identification requirements are applicable to regulatory initiatives on securities listed or traded on Stock Exchange of Hong Kong ('SEHK') including HKIDR (investor identification regime at trading level for the securities market in Hong Kong) and OTCR (over-the-counter securities transactions reporting regime for shares listed on the SEHK), covering stock purchase orders (including Stocks Monthly Investment Plan) or receipt or delivery instruction.

HKIDR will come into effect towards the end of Q4 2022 at the earliest, while the over-the-counter securities transaction reporting regime (OTCR) and Hong Kong Exchanges and Clearing Limited's (HKEX)'s new platform Fast Interface for New Issuance (FINI) for IPO applications will come into effect during Q2 2023 at the earliest. The effective dates are subject to the Securities and Futures Commission (SFC) and HKEX further announcement.

Investor Identification requirements are applicable to securities listed or traded on Stock Exchange of Hong Kong ('SEHK').

The Bank is required to obtain your consent of disclosure and transfer of your up-to-date Client Identification Data ('CID') to the SEHK, the Securities and Futures Commission ('SFC'), the issuer's share registrar, Hong Kong Securities Clearing Company Limited ('HKSCC') and/or any parties involved in the IPO (where applicable).

Once we have received your consent and up-to-date CID, we will assign your securities account(s) with unique Broker-to-Client Assigned Number ('BCAN').  The assigned BCAN number will be (a) included in relevant orders / receipt or delivery instruction / IPO applications and (b) shared with the regulator(s) / exchange / parties involved in the IPO (where applicable), together with your CID. 

Client Identification Data required by the investor identification requirements includes:

• full name as shown on your identification document;
• issuing country or region of the identification document;
• identification document type;
• and identification document number.

If you have access to our Personal Internet Banking, you can provide consent starting from end of September (via HSBC Online Banking) / mid of October (via HSBC HK Easy Invest app or HSBC HK Mobile Banking app)¹. For details, please follow the guidance in the above section 'Step-by-Step Guidance on How to Provide Consent'.

• If you have provided consent and confirm your Client Identification Data ('CID') is up-to-date, we will submit to SEHK / SFC for validation. This usually takes 1 to 2 Hong Kong Trading days.
• If you have provided consent and uploaded your identification document (if applicable), we will verify the information and document submitted. Subsequently, we will submit to SEHK and/or SFC for validation. This usually takes 3 Hong Kong Trading days.

Yes, all account holders need to provide their consent to the Bank and ensure that their Client Identification Data ('CID') with the Bank is up-to-date.

Yes, you need to provide your consent to us.

Yes, you can withdraw your consent after it is provided. You can also provide your consent again after it is withdrawn, but  your personal identification information must also be provided in accordance with the order of priority below:

1. HKID card (if any);
2. national identification document (if any);
3. passport (if any)

Only HKID card, Nationality Identification Document and passport are acceptable and you are required to provide us with your identification document in the following order of priority:

1. HKID (if any)
   
2. nationality Identification Document (if any)
3. passport (if any)