Regulatory Alerts2017-09-19
Added · Updated
Circular Issued by the Securities and Futures Commission on Common Instances of Non-Compliance in Managing Funds and Discretionary Accounts
The Securities and Futures Commission issued this circular to highlight common instances of non-compliance observed in the management of funds and discretionary accounts. The document serves as a regulatory warning to registered institutions regarding specific operational failures and control deficiencies in their wealth management activities. It aims to reinforce compliance standards by detailing typical breaches to help firms identify and rectify potential risks in their investment management processes.
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