SFC Requirements for Authorising Leveraged and Inverse Products for Public Offering

Julia CharltonPartner, Charltons

SFC Requirements for Authorising Leveraged and Inverse Products for Public Offering

Introduction to Leveraged and Inverse Products

Leveraged and inverse products structured as Exchange Traded Funds (ETFs) (Leveraged Products and Inverse Products respectively, and L&I Products collectively) are authorised by the Securities and Futures Commission (SFC) as Collective Investment Schemes (CIS). L&I Products are listed and traded on the Hong Kong Stock Exchange’s (HKEx) securities market, and may be traded, cleared and settled in HKD, RMB and/or USD. Overseas, they are generally known as Leveraged and/or Inverse ETFs. Read more…


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