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.
CIR
Current
Issue Date:
27 Sep 2022
20220927-1-EN.pdf (188.1 KB)
Topic:
Capacity Building - Enhanced competency framework
Internal Controls - Compliance function
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Current
27 Sep 2022
Enclosure - Guide to Enhanced Competency Framework on Compliance
SPM-NGL
Current
23 May 2024
CG-6 Competence and Ethical Behaviour
Annex
Current
27 Sep 2022
Enclosure - Guide to Enhanced Competency Framework on Compliance
SPM-NGL
Current
23 May 2024
CG-6 Competence and Ethical Behaviour
Version History
Superseded Document
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