Regulatory Alerts2020-03-31
Added · Updated
HKMA Circular on Extended Deadlines for Regulatory Expectations and Licensing FAQs under COVID-19
The Hong Kong Monetary Authority issues this circular to align its regulatory flexibility measures with the Securities and Futures Commission's guidance for intermediaries coping with COVID-19 challenges. Registered Institutions and their Relevant Individuals are granted automatic three-month extensions for passing regulatory examinations and completing Continuous Professional Training obligations due by September 2020. Additionally, unfulfilled CPT hours for 2020 may be carried forward to 2021, and institutions are reminded to utilize alternative order recording options to maintain compliance with the Code of Conduct.
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