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 a circular warning registered institutions about dubious private fund and discretionary account arrangements or transactions. The regulator highlights specific risks and irregular practices associated with these financial products to protect investors. This guidance aims to ensure that licensed entities maintain high standards of conduct and due diligence when managing such accounts.
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