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 observed in the management of private funds and discretionary accounts. The document serves as a regulatory warning to registered institutions regarding compliance failures in wealth management and investment product administration. It underscores the need for improved operational standards and adherence to regulatory expectations in fund management activities.
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