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Notification of Payment of Financial Reporting Council Transaction Levy and Inactive Account Service

Payment of Financial Reporting Council Transaction Levy

References to HKEX Circular, payment of levies payable by sellers and purchasers of securities to the Financial Reporting Council (“FRC Transaction Levy”) will commence on 1 January 2022.

FRC Transaction Levy is applicable to all sale and purchase of securities (admitted to trading, listed, or approved to be listed on the Exchange) recorded on the Exchange or notified to the Exchange. FRC Transaction Levy is calculated at 0.00015% per side of the consideration of a transaction (rounded to the nearest cent).

Below has the detail of the FRC Transaction Levy:

https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/SEHK/2021/ce_SEHK_CT_086_2021.pdf


Inactive Account Service Fee

To protect clients account for a long period of time without any trading activities that may cause potential losses, starting from 1st December 2021 ("Effective Date"), with no trading activity for 12 months or above in clients’ account, we will charge Inactive Account Service Fee of HKD $150.00 per semi-annually.


Should you have any inquiries, please do not hesitate to contact our Customer Service Department via phone (+852) 2853 8038 or email to hkics@hkifsgroup.com.



Hong Kong International Securities Limited


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