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    Home»Various»SFC to Launch e-IP System for Streamlined Investment Product Applications
    Various

    SFC to Launch e-IP System for Streamlined Investment Product Applications

    Fintech News Hong KongFintech News Hong KongJuly 9, 20242 Mins Read
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    The Securities and Futures Commission (SFC) will launch an online application and submission system named e-IP for investment products administered by the Investment Products Division on 29 July 2024.

    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 application progress, 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 accompany a three-month parallel run of existing application and regulatory submissions channels until 29 October 2024 to facilitate market participants to familiarise themselves 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 the 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’s perspectives.

    The SFC encourages all users to activate their e-IP administrator accounts and review their account administration arrangements, such as account delegation and permissions, in preparation for the system launch.

    Featured image credit: Edited from Unsplash

    Securities and Futures Commission of Hong Kong (SFC)
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