Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 53

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 4
Chunk 53
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19 or treat its impact, among others. If the disruptions
posed by COVID-19 or other matters of global concern continue for an extended period of time, our operating subsidiary’s ability
to pursue its business objectives may be materially adversely affected. We will continue to closely monitor the situation throughout
2025 and beyond.

  33  

Regulations

Overview
of the Laws and Regulations Relating to Our Business and Operations in Hong Kong

Our
operations are subject to various laws and regulations in Hong Kong where we operate. This section sets out summaries of certain aspects
of Hong Kong laws and regulations which are relevant to our Group’s operations and business.

Licensing
And Registration Under The SFO Administered By The SFC

The
SFC is an independent statutory body set up in 1989 to regulate Hong Kong’s securities and futures markets. It operates independently
of the Government of Hong Kong, and is funded mainly by transaction levies and licensing fees.

The
SFC derives its investigative, remedial and disciplinary powers from the SFO and the subsidiary legislations thereunder. The SFO, in
particular, vested the SFC with multiple roles and sets out its regulatory objectives, including:

(i)
to maintain and promote the fairness, efficiency, competitiveness, transparency and orderliness of the securities and futures industry;

(ii)
to promote understanding by the public of financial services including the operation and functioning of the securities and futures industry;

(iii)
to provide protection for members of the public investing in or holding financial products;

(iv)
to minimize crime and misconduct in the securities and futures industry;

(v)
to reduce systemic risks in the securities and futures industry; and

(vi)
to assist the Financial Secretary of Hong Kong in maintaining the financial stability of Hong Kong by taking appropriate steps in relation
to the securities and futures industry.

The
SFC is one of the four financial regulators in Hong Kong charged with oversight of finance and investing, but it is the only Hong Kong
financial regulator that is given the mandate to educate the investing public.

Following
the enactment of the Securities and Futures (Amendment) Ordinance 2012, the Investor Education Centre (now known as the Investor and
Financial Education Council) was formed as a SFC subsidiary to educate the public on a broad range of retail financial products and services.

Licensing
regime under the SFO

Under
the SFO, any person who carries on a business in a regulated activity or holds itself out as carrying on a business in a