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 this circular to highlight deficiencies and substandard conduct identified in the management of private funds and discretionary accounts. The document serves as a regulatory warning to registered institutions regarding compliance failures observed during recent supervisory activities. It mandates that firms address these operational shortcomings to ensure adherence to statutory requirements and professional standards.
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