Regulatory Alerts2011-03-21
Added · Updated
Circular Issued by the Securities and Futures Commission Regarding Review of Readiness for Listed Renminbi Securities Business
The Hong Kong Monetary Authority directs Authorized Institutions to utilize the Securities and Futures Commission's checklist to verify their own and their agents' readiness for listed Renminbi securities business. Authorized Institutions that fail to ensure this readiness must refrain from engaging in such activities and implement measures to prevent inadvertent trading or acceptance of client instructions. Intermediaries conducting these activities without adequate readiness preparations are subject to regulatory scrutiny regarding their conduct.
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