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.
CIR
Current
Issue Date:
28 Jan 2025
20250203-4-EN.pdf (153.0 KB)
Topic:
Miscellaneous - SFC/IA/MPFA
Wealth Management & MPF - Securities/investment products
Group:
Registered Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Current
28 Jan 2025
Enclosure 1 - SFC's circular on Deficiencies and substandard conduct noted in the management of private funds and discretionary accounts
Annex
Current
28 Jan 2025
Enclosure 2 - Appendix to the SFC’s circular
Annex
Current
28 Jan 2025
Enclosure 1 - SFC's circular on Deficiencies and substandard conduct noted in the management of private funds and discretionary accounts
Annex
Current
28 Jan 2025
Enclosure 2 - Appendix to the SFC’s circular
Cross referenced Document
Version History
Superseded Document
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