Securities Paperless Trading 11.16 Pushes Retail Investor Cost Reduction

SighingCashier · 2026-03-30T18:49:48+00:00

The Securities and Futures Commission announced that the Paperless Securities Market (USM) will be implemented on November 16, delayed from the original schedule. This system can reduce costs for retail investors, especially when holding paperless securities in their own name. There will be a transition period over the next five years, with large companies given priority to convert.

SighingCashier

2026-03-30 18:49:48

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March 31, 2026

Paperless securities 11.16 rollout push; retail investors’ costs go down

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The Securities and Futures Commission (SFC) announced yesterday that the paperless securities market (USM) regime is expected to be implemented on November 16 this year, which is a delay compared with the earlier estimate of at the beginning of this year. It is expected that, compared with continuing to keep physical shares, or holding shares through intermediaries, if investors hold paperless securities under their own names, the overall costs will be lower. 5-year transition period—big companies first “switch teams” When Executive Director of the Market Surveillance Division of the SFC, Leung Chung-hin, was interviewed, he explained that it is hoped to ensure that market participants have sufficient time …

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