Regulatory Alerts2021-12-21
Frequently-Asked Questions on the Guidelines on Compliance Function for Fund Management Companies
The Securities Commission issued these FAQs to clarify regulatory expectations for fund management companies regarding the 11 core compliance principles and specific operational requirements. The document details mandatory procedures for compliance programmes, client due diligence, delegation of functions, and strict conflict of interest management including disclosure obligations for directors and employees. It further specifies rules for asset protection, valuation, soft commissions, best execution, and reporting standards to ensure adherence to licensing and conduct guidelines.
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