SFC to launch new online application and submission system for investment products

The Securities and Futures Commission (SFC) will launch a new online application and submission system named e-IP for investment products administered by the Investment Products Division on 29 July 2024 (Notes 1 and 2).

e-IP is developed on the existing WINGS portal and will serve as a one-stop online platform specifically for e-IP users to submit new product applications and post-authorisation or registration submissions, track the progress of applications, maintain information profiles of investment products and settle fee payments.

New product applications and post-authorisation or registration submissions can be submitted through e-IP once the new system is launched.  The launch will be accompanied by a three-month parallel run of existing application and regulatory submissions channels until 29 October 2024 to facilitate market participants to familiarise with the new system.

A briefing session for the industry will be held before the launch of e-IP. User guides and online demo clips will be available on the SFC website and WINGS technical hotline will be available for e-IP users.

e-IP will promote digital or paperless processing and enhance the efficiency of processing applications and submissions for investment products from both applicants and SFC perspectives.

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Notes:

1. The investment products include investment-linked assurance schemes, mandatory provident fund products, open-ended fund companies, paper gold schemes, pooled retirement funds, real estate investment trusts, unit trusts and mutual funds and unlisted structured investment products.
2. A circular was issued today to market participants explaining the launch of the new system.