Regulatory Alerts2010-11-02
Added · Updated
Circular Issued by the Securities and Futures Commission Regarding Monitoring of Operational Capability
The Securities and Futures Commission issued a circular to SEHK Exchange Participants advising brokerage firms to closely monitor their operational capabilities amid rising market turnover and significant rights issue plans. Firms are required to implement contingent arrangements to handle increased business volumes and establish procedures for timely communication of material information regarding corporate actions to clients. This directive aims to ensure that brokerage firms can effectively manage client instructions and operational demands during periods of heightened market activity.
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