Regulatory Alerts2025-01-28
Added · Updated
Circular Issued by the Securities and Futures Commission on Deficiencies and Substandard Conduct Noted in the Management of Private Funds and Discretionary Accounts
The Securities and Futures Commission issued a circular highlighting deficiencies and substandard conduct observed in the management of private funds and discretionary accounts. The document serves as an enclosure to the main regulatory notice, detailing specific operational failures identified during supervisory activities. Registered institutions are expected to address these issues to ensure compliance with applicable standards and improve their internal controls.
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