Regulatory Alerts2021-07-05
Frequently-Asked Questions on the Guidelines on Compliance Function for Fund Management Companies
The Securities Commission issued these Frequently-Asked Questions to clarify regulatory expectations for fund management companies regarding the 11 core compliance principles and specific operational requirements. The document details mandatory compliance programme components, client due diligence standards, and strict protocols for delegating fund management functions while maintaining ultimate accountability. It further defines rules for conflict of interest management, best execution, soft commissions, and the handling of alternative products and omnibus trust accounts.
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