Regulatory Alerts2022-09-27
Added · Updated
Enhanced Competency Framework on Compliance
The Hong Kong Monetary Authority issued this circular to establish an enhanced competency framework for the compliance function within all authorized institutions. The document mandates that institutions build capacity and ensure their compliance staff possess the necessary skills and ethical standards to effectively manage internal controls. This regulatory update is supported by an accompanying guide detailing the specific requirements for competence and ethical behavior in compliance roles.
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