Regulatory Alerts2026-05-22
Added · Updated
Expected controls for account opening and maintaining relationships with clients with investment accounts
The Securities and Futures Commission issued this circular to address significant deficiencies in due diligence and ongoing monitoring identified during a review of 12 licensed securities brokers. It mandates strict controls to prevent the acceptance of questionable or forged documents, requires enhanced vigilance for cross-border correspondent relationships, and imposes additional measures for managing accounts of Chinese Mainland investors. Senior management is held ultimately responsible for ensuring robust internal controls, with non-compliance potentially resulting in supervisory actions, licensing conditions, or enforcement proceedings.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.