Regulatory Alerts2025-01-28
Added · Updated
Circular on Deficiencies and Substandard Conduct in Private Fund and Discretionary Account Management
The Hong Kong Monetary Authority issued this circular to alert registered institutions to regulatory deficiencies and substandard conduct identified by the Securities and Futures Commission in the management of private funds and discretionary accounts. The SFC's findings highlight specific breaches regarding conflicts of interest, risk management, investment mandates, investor information, and valuation methodologies. Registered institutions are required to have due regard for these issues as the HKMA will actively monitor their asset management activities during supervision.
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