Regulatory Alerts2019-11-22
Added · Updated
Circular Issued by the Securities and Futures Commission on Dubious Private Fund and Discretionary Account Arrangements or Transactions
The Securities and Futures Commission issued this circular to address concerns regarding dubious private fund and discretionary account arrangements or transactions. The document outlines specific regulatory expectations and compliance requirements for registered institutions to mitigate risks associated with these financial activities. It serves as a formal directive to enhance oversight and ensure adherence to proper conduct standards within the wealth management sector.
Topics
Share