Late last year an Asian branch of Equities First Holdings, Equities First Holdings Hong Kong Limited, received reconfirmation of its Money Lenders License. This license is very important because EFH is primarily a securities-based lender. Without it, they would not be able to operate in Hong Kong at all. And EFH says that would be horrible for EFH since all the Asia market is a key market for the firm. However, if EFH is to maintain this license, they must also maintain some requirements set by the Hong Kong Eastern Magistrates Courts. These include data and privacy requirements, reporting and compliance requirements, marketing and advertising provision requirements, and operational and business practice standards requirements.

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