BRIEF-Hong Kong's SFC waives licensing fees for 2020/21

Dec 4 (Reuters) - Hong Kong's Securities and Futures Commission:

* SAYS TO WAIVE ANNUAL LICENSING FEES FOR FINANCIAL YEAR OF 2020/21

* SAYS THE DECISION IS MADE TO RELIEVE REGULATORY COST BURDEN ON SECURITIES AND FUTURES INDUSTRY HAVING TAKEN INTO ACCOUNT THE CURRENT CHALLENGING MARKET ENVIRONMENT

* SAYS IT WILL COST ABOUT HK$117.5 MILLION ($15.02 million) IN FORGONE REVENUE FOR THE FINANCIAL YEAR 2020/21 Source text in English: https://bit.ly/2LmznE5 ($1 = 7.8249 Hong Kong dollars) (Reporting by Hong Kong newsroom)

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