Regulatory Alerts2018-02-15
Added · Updated
Circular Issued by the Securities and Futures Commission on Client Facilitation
The Securities and Futures Commission issued this circular to establish conduct standards and internal control requirements for licensed corporations providing client facilitation services. The guidance mandates robust management oversight, strict segregation of agency and facilitation activities, and explicit client consent and conflict disclosure. It further requires accurate dissemination of indications of interest and effective monitoring to mitigate risks associated with the principal risk-taking position assumed by firms in these transactions.
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