On November 13, 2025, the SFC announced enhancements to the Cross-boundary Wealth Management Connect Pilot Scheme to improve client interaction and communication between participating licensed corporations and clients.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On November 13, 2025, the Securities and Futures Commission ("SFC") announced significant enhancements to the Cross-boundary Wealth Management Connect Pilot Scheme (Cross-boundary WMC) to facilitate more efficient client communication. The new measures aim to foster closer interactions between participating licensed corporations (Participating LCs) and their clients.
Key improvements include the ability of Participating LCs to obtain one-off written consent from Southbound Scheme clients, valid for up to one year, to discuss product information tailored to clients' needs and selected categories. This consent enables LCs to engage with clients remotely.
Furthermore, Southbound Scheme clients can request Partner Brokers within the same corporate groups as the Participating LCs to facilitate online three-party dialogues. These dialogues take place at the Partner Brokers' places of business, where Participating LCs can explain product information directly to their clients.
With the one-off written consent, Participating LCs can share research reports on individual investment products prepared by their Partner Brokers, ensuring clients are well-informed about investment options. These enhancements extend to the Northbound Scheme as well.
Ms. Julia Leung, SFC's Chief Executive Officer, noted that these improvements will elevate client experience and support better-informed investment decisions, contributing to the sustainable development of the Cross-boundary WMC. The SFC will continue to collaborate with industry partners and regulatory authorities to further enhance this initiative, supporting its role as a vital cross-boundary financial connectivity program in the Greater Bay Area.
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