The HKEX is recognized as an exchange controller by which authority under which statute?

• A. SFC under s.50 SFO
• B. Company Registry under Companies Ordinance
• C. SFC under s.3 SFO
• D. SEC under the Securities Act

Answer: (A)

The regulator that grants this status is the Securities and Futures Commission, and the specific statute is section 50 of the Securities and Futures Ordinance. The SFC has the power to recognize a securities exchange and designate its exchange controller under that provision, which is how HKEX comes to be recognized as the exchange controller for Hong Kong’s markets. This formal recognition sets HKEX under the SFC’s oversight for market governance, trading rules, and market integrity. The other options aren’t relevant: the Company Registry handles corporate filings, the U.S. SEC governs U.S. markets, and a general provision like section 3 doesn’t perform this recognition role.