Loughborough University
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An analysis of the functions of the Securities and Futures Commission ordinance as a device for ensuring the protection of investors in Hong Kong

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posted on 2018-12-14, 11:40 authored by Sai Hong Ko
The present study is concerned with the analysis of a piece of economic legislation - the Securities and Futures Commission Ordinance (SFC) of Hong Kong - within the theoretical framework of the theories of economic regulation, testing the legislation's stated objective of investor protection for the securities industry. Principally two sets of theories attempt to explain the impact of economic regulations. They are the ·Public Interest Theory" and the "Capture Theory". The former is largely of a normative nature. It stipulates that in case of market inefficiency economic regulations are enacted for protecting the interest of the general public. [Continues.]



  • Business and Economics


  • Economics


© Ko Sai Hong

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This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/

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A Masters Thesis. Submitted in partial fulfilment of the requirements for the award of Master of Philosophy of Loughborough University.


  • en

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