Regulatory Alerts2021-07-05
Summary of Amendments to the Guidelines on Compliance Function for Fund Management Companies
The regulator revised the Guidelines on Compliance Function for Fund Management Companies on 5 July 2021 to streamline disclosure requirements and clarify conduct standards. The amendments narrow the scope of reportable interests to securities and derivatives while excluding unit trusts and crowdfunding, and introduce specific obligations for identifying employees involved in fund management activities. Additionally, the revision imposes new best execution and stockbroker selection procedures on boutique portfolio management companies.
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