Regulatory Alerts2017-08-02
Added · Updated
Circular Issued by the Securities and Futures Commission on Irregularities and Deficiencies in Managing Private Funds and Discretionary Accounts
The Securities and Futures Commission issued this circular to highlight irregularities and deficiencies identified in the management of private funds and discretionary accounts. The document serves as a regulatory warning to registered institutions regarding compliance failures in asset management practices. It underscores the necessity for firms to strengthen internal controls and adhere strictly to statutory requirements to mitigate operational risks.
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