Regulatory Alerts2024-08-19
Summary of Amendments on Guidelines on Compliance Function for Fund Management Companies
The regulator issued revised Guidelines on Compliance Function for Fund Management Companies on 19 August 2024 to align requirements with the updated Guidelines on Technology Risk Management. The amendments replace references to the Guidelines on the Management of Cyber Risk with the Guidelines on Technology Risk Management across Chapter 4 and Chapter 13. Additionally, the revision includes housekeeping and editorial changes to enhance clarity and consistency, while deleting redundant requirements regarding duplicity with the new technology risk standards.
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