Which dept processes licensing applications in SFC?

• A. Licensing Department
• B. Enforcement Division
• C. Corporate Finance
• D. Research and Development

Answer: (A)

Licensing applications are handled by the Licensing Department, the unit in the SFC that assesses and grants licenses to individuals and firms in the securities and futures markets. This department takes in applications, checks qualifications and fitness and properness, conducts background and regulatory checks, and determines whether to issue the license. The other divisions have different roles: the Enforcement Division focuses on investigating and disciplining misconduct, Corporate Finance deals with corporate finance activities and related approvals, and Research and Development is not involved in licensing. So the Licensing Department is the one responsible for processing licensing applications.