Company: MEGL
Filing Date: 2025-06-27
Form Type: F-1/A
Source: 0001641172-25-016831
Chunk: 111

Company: Magic Empire Global Ltd
Filing Date: 2025-06-27
Form: F-1/A
Chunk 111
---
 legal proceeding that, in the opinion of our management, is likely to have a material adverse effect on our business, financial condition or operations.

| 64 |

<div align='center'>REGULATIONS</div>

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 operations 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