The predecessor of SFC is the office of the Commissioner of Securities.

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Multiple Choice

The predecessor of SFC is the office of the Commissioner of Securities.

Explanation:
In Hong Kong, the Securities and Futures Commission replaced the Office of the Commissioner for Securities as the regulator of the market. The Office of the Commissioner for Securities handled licensing and enforcement under the Securities Ordinance, but in 1989 the government established the SFC to act as a single, independent regulator for both securities and futures. That’s why the predecessor is the Office of the Commissioner for Securities. The other names belong to regulators in different jurisdictions or are not the HK predecessor, so they don’t fit this historical line.

In Hong Kong, the Securities and Futures Commission replaced the Office of the Commissioner for Securities as the regulator of the market. The Office of the Commissioner for Securities handled licensing and enforcement under the Securities Ordinance, but in 1989 the government established the SFC to act as a single, independent regulator for both securities and futures. That’s why the predecessor is the Office of the Commissioner for Securities.

The other names belong to regulators in different jurisdictions or are not the HK predecessor, so they don’t fit this historical line.

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