Regulatory Alerts2018-01-05
Summary of Amendments to the Guidelines on Compliance Function for Fund Management Companies
The Securities Commission issued revised guidelines on 5 January 2018 to update the Compliance Function requirements for fund management companies. The amendments introduce definitions for cross trades and IMAs, clarify the utilization of soft commissions, and mandate that compliance officers verify cross trades. Additionally, the revision renumbers paragraphs and redrafts sections to enhance clarity on reporting submissions and consent disclosures.
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