Regulatory Alerts2011-03-21
Added · Updated
Circular Issued by the Securities and Futures Commission Regarding Review of Readiness for Listed Renminbi Securities Business
The Securities and Futures Commission issued a circular requiring SEHK Exchange Participants and CCASS Participants to conduct a comprehensive readiness review for trading and clearing SEHK-listed RMB securities. Participants must utilize the attached checklist to assess their systems, risk management, and client disclosure procedures, ensuring they are fully prepared before confirming readiness to the HKEx. The regulator warns that unvetted brokers must refrain from RMB securities activities and implement strict controls to prevent inadvertent trading, as non-compliance will result in regulatory scrutiny.
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