The Securities and Futures Commission ("SFC") in Hong Kong has proposed remuneration adjustments for the 2025/2026 budget. The proposal is subject to board approval and follows a policy of cost minimization and efficiency improvement. The SFC is reviewing market conditions to balance regulatory work and financial sustainability.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On March 17, 2025, the Securities and Futures Commission ("SFC") issued a statement regarding proposed remuneration adjustments for the 2025/2026 budget. The SFC clarified that this proposal is subject to the approval of the SFC Board and no final decision has been made.
The SFC has implemented a prudent financial policy approach in response to the challenges faced by Hong Kong's financial markets. This approach involves identifying new income sources, reducing expenses, minimizing costs, and optimizing efficiency. The SFC Board continually monitors market conditions and financial circumstances to balance regulatory functions and market developments.
The SFC Board will consider appropriate cost-cutting proposals, aiming to achieve a balanced approach between its regulatory responsibilities and financial sustainability.
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