Readiness申请准备清单Readiness Checklist
申请前应先确认Before Filing
- 香港注册公司；至少两名负责人；合规主管及 MLRO；MIC 配置
- Hong Kong incorporated company; at least two Responsible Officers; compliance officer and MLRO; MIC configuration.
监管重点Regulatory Focus
- FRR 合规与持续资本充足
- 投资组合虚拟资产敞口一般限于 10%；超过须额外申请并满足升级要求
- 利益冲突管理、最佳执行、估值与披露
- FRR compliance and continuous capital adequacy.
- Portfolio exposure to virtual assets is generally capped at 10%; exceeding the threshold requires additional approval and upgraded requirements.
- Conflicts management, best execution, valuation and disclosure.
交付材料Delivery Workstream
- "大 9 / 小 9"路径选择与架构规划
- RO/MIC 配置与 fit-and-proper 评估
- 基金架构与托管安排设计
- 业务计划书、合规手册起草及 SFC 答询
- Large Type 9 versus small Type 9 route selection and structuring.
- RO and MIC configuration and fit-and-proper assessment.
- Fund structure and custody arrangement design.
- Business plan, compliance manual drafting and SFC response support.
监管机构与法律依据Regulator & Statutory Basis
- SFC；SFO（Cap. 571）附表 5；FRR
- SFC; Schedule 5 to the SFO (Cap. 571); FRR.
SFC SFO（Cap. 571）附表 5；FRRSFO (Cap. 571) Schedule 5; FRR
适用业务范围Permitted Activities
- 全权委托管理证券及期货合约投资组合
- 管理私募基金、对冲基金、家族办公室投资组合
- 经认可的零售基金管理（须更高合规标准）
- Discretionary management of portfolios of securities and futures contracts.
- Management of private funds, hedge funds and family office portfolios.
- Management of authorised retail funds, subject to higher compliance standards.
申请人资格Applicant Eligibility
- 香港注册公司；至少两名负责人；合规主管及 MLRO；MIC 配置
- Hong Kong incorporated company; at least two Responsible Officers; compliance officer and MLRO; MIC configuration.
资本要求Capital Requirements
- 不持有客户资产（如使用第三方托管，俗称"小 9"）：无最低缴足股本，速动资金不低于 HK$100,000
- 持有客户资产（俗称"大 9"）：缴足股本 HK$5,000,000，速动资金 HK$3,000,000
- No client assets held, such as third-party custody or the so-called small Type 9 route: no minimum paid-up share capital and liquid capital not less than HKD 100,000.
- Client assets held, or the so-called large Type 9 route: paid-up share capital of HKD 5,000,000 and liquid capital of HKD 3,000,000.
关键合规要求Key Compliance Obligations
- FRR 合规与持续资本充足
- 投资组合虚拟资产敞口一般限于 10%；超过须额外申请并满足升级要求
- 利益冲突管理、最佳执行、估值与披露
- 客户资产分隔（若适用）
- FRR compliance and continuous capital adequacy.
- Portfolio exposure to virtual assets is generally capped at 10%; exceeding the threshold requires additional approval and upgraded requirements.
- Conflicts management, best execution, valuation and disclosure.
- Segregation of client assets where applicable.
时间表Timeline
- 准备期 1 - 2 个月；SFC 审批约 15 周（含答询 4 - 6 个月）
- Preparation: 1-2 months. SFC review: around 15 weeks, commonly 4-6 months including questions.
政府收费Government Fees
- 按《证券及期货（费用）规则》，以 SFC 公布为准
- Fees are charged under the Securities and Futures (Fees) Rules and are subject to SFC publication.
持续合规义务Ongoing Obligations
- 年度审计、月度申报、重大变动通知、资本维持
- Annual audit, monthly returns, material change notifications and capital maintenance.
典型申请人画像Typical Applicant Profile
- 私募基金、对冲基金管理人
- 家族办公室、外部资产管理人（EAM）
- 拟在港发行零售基金的资管机构
- Private fund and hedge fund managers.
- Family offices and external asset managers (EAMs).
- Asset managers seeking to launch retail funds in Hong Kong.
Spark Advisory 服务范围Our Engagement Scope
- "大 9 / 小 9"路径选择与架构规划
- RO/MIC 配置与 fit-and-proper 评估
- 基金架构与托管安排设计
- 业务计划书、合规手册起草及 SFC 答询
- Large Type 9 versus small Type 9 route selection and structuring.
- RO and MIC configuration and fit-and-proper assessment.
- Fund structure and custody arrangement design.
- Business plan, compliance manual drafting and SFC response support.