Regulatory Alerts2010-11-02
Added · Updated
Circular Issued by the Securities and Futures Commission Regarding Monitoring of Operational Capability
The Hong Kong Monetary Authority informed registered institutions of a Securities and Futures Commission circular requiring intermediaries to closely monitor operational capabilities amid increased market turnover and significant rights issues. The directive mandates that institutions implement contingency arrangements to handle surges in business volume and manage corporate action activities effectively. Additionally, registered institutions are required to establish procedures for the timely communication of material information to clients and the proper handling of client instructions regarding rights issues on their stocks.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.