Company: MEGL
Filing Date: 2025-04-14
Form Type: 20-F
Source: 0001641172-25-004566
Chunk: 54

Company: Magic Empire Global Ltd
Filing Date: 2025-04-14
Form: 20-F
Item: Item 4
Chunk 54
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 regulated activity
must be licensed under the relevant provisions of the SFO to carry on that regulated activity, unless any exemption under the SFO applies.
This applies to a corporation carrying on a business in a regulated activity and to any individuals acting on behalf of that corporation
in carrying on such activities, as further described below. It is an offense for a person to conduct any regulated activity without the
appropriate license issued by the SFC.

Further,
if a person (whether by itself or another person on his behalf, and whether in Hong Kong or from a place outside of Hong Kong) actively
markets to the public in Hong Kong any services that it provides and such services, if provided in Hong Kong, would constitute a regulated
activity, then that person is also subject to the licensing requirements under the SFO.

  34  

Types
of regulated activities

Schedule
5 to the SFO stipulates 13 types of regulated activities, namely:

Type
1: Dealing in securities

Type
2: Dealing in futures contracts

Type
3: Leveraged foreign exchange trading

Type
4: Advising on securities

Type
5: Advising on futures contracts

Type
6: Advising on corporate finance

Type
7: Providing automated trading services

Type
8: Securities margin financing

Type
9: Asset management

Type
10: Providing credit rating services

#Type
11: Dealing in OTC derivative products or advising on OTC derivative products

#Type
12: Providing client clearing services for OTC derivative transactions

Type
13: Providing depositary services for relevant CISs

#

Licensed
corporation

For
application as a licensed corporation, the applicant has to be incorporated and the licensed corporation has to satisfy the SFC that
it has proper business structure, good internal control systems and qualified personnel to ensure the proper management of risks that
it will encounter in carrying on the proposed regulated business as detailed in the business plan submitted to the SFC.

Responsible
Officers

In
order for a licensed corporation to carry on any of the regulated activities, it must appoint no less than two Responsible Officers for
each regulated activity conducted by a licensed corporation, at least one of whom must be an executive director, to supervise each regulated
activity. The same individual could apply to be a Responsible Officer for more than one regulated activity simultaneously provided that
he/she meets the fit and proper (including competence) requirements for the regulated activity concerned, and demonstrate that there
is no