Regulatory Alerts2019-09-16
CMA Commences First Round of Inspections for FY 2019/20
The Capital Markets Authority has initiated inspections of licensed fund managers for the 2019/20 financial year following a risk profiling exercise. The Authority will focus on business process risks, governance, internal controls, regulatory compliance, and Anti-Money Laundering requirements under its risk-based supervisory approach. Following the conclusion of fund manager inspections, the CMA will begin inspecting the two firms offering trustee services to address identified gaps in record keeping and governance.
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