Speaker(s)

• Ms Thrity Mukadam, Senior Director, Supervision of Markets, SFC
• Ms Hoi Yan Leung, Senior Manager, Supervision of Markets, SFC
• Mr Paul Malam, Head of Policy and Secretariat Services, Listing Division, Hong Kong Exchanges and Clearing Limited (HKEX)
• Mr Alan Chuen, Senior Vice President, Post Trade, Operations Division, Hong Kong Exchanges and Clearing Limited (HKEX)
• Mr Richard Houng, Chairman, Federation of Share Registrars; and Chief Executive Officer, Issuer Services, Computershare Asia
• Mr Mohan Datwani FCG HKFCG(PE), Deputy Chief Executive, HKCGI (Moderator)

Description

The Institute brings you this must-know seminar with speakers from the Securities and Futures Commission (SFC), Hong Kong Exchanges and Clearing Limited (HKEX) and Federation of Share Registrars (FSR) on implementing the USM regime in early 2026.

The SFC has consulted, jointly with HKEX and FSR, and concluded that Hong Kong would push forward with the uncertificated securities markets (USM) regime, meaning shares and other prescribed securities will be scripless (that is, become electronic). There is also a fee consultation on capping the fees charged to shareholders.

All moving parts will be in place in early 2026 for the USM to commence. Also, most of the listed issuers become part of a phased programme over the next 5 years to dematerialise their shares and other prescribed securities. Directors, senior management, governance professionals and all relevant stakeholders must learn of the USM regime, and listed issuers appoint their approved securities registrars (ASRs) to comply with the USM regime. 

This seminar will cover:
- An overview of the regime
- Issuer implementation of USM
- Implementation of USM to CCASS participants
- Share registration under the USM regime

Remarks on this Online Session:

• This is the online session. If you wish to join in person, please click HERE for the physical session.
• Registration will be closed on 7 April 2025 at 5.00pm.
• Once enrolment in this online session is confirmed by the Institute, requests to change to physical session will not be entertained.
• Online session will be delivered via Zoom facility. The Institute has made every effort to ensure that the quality of the internet connection is sufficient for media streaming. Attendees should ensure that they are in an area of stable internet connection with suitable bandwidth as this can affect user’s experience. 

Level: Intermediate

Speakers' bios:
Ms Thrity Mukadam
Ms Hoi Yan Leung
Mr Paul Malam
Mr Alan Chuen
Mr Richard Houng
Mr Mohan Datwani (Moderator)

Seat guarantee will only be given to HKCGI Fellows and/or Practitioner’s Endorsement (PE) holders if registered 10 clear working days with payment prior to the date of the seminar.