Regulatory Alerts2013-02-05
Added · Updated
Circular Issued by the Securities and Futures Commission on Guarding against Risk of Client Asset Misappropriation
The Securities and Futures Commission issued this circular to require registered institutions to implement robust controls for safeguarding client assets. The guidance addresses the specific risks of misappropriation and mandates enhanced operational procedures to ensure the integrity of client holdings. Institutions are expected to adhere to these standards to maintain compliance with regulatory expectations regarding asset protection.
Topics
safeguarding
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