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 guide registered institutions in safeguarding client assets against the risk of misappropriation. The document outlines specific operational and compliance measures that financial intermediaries must implement to ensure the security and proper handling of client funds and securities. It emphasizes the importance of robust internal controls and regular audits to prevent unauthorized use of client assets.
Topics
safeguarding
Share