Regulatory Alerts2010-05-28
Added · Updated
HKMA Circular on SFC Circulars Regarding Compliance with New Regulatory Requirements
The Hong Kong Monetary Authority issued a circular to alert registered institutions to three new regulatory guidance documents released by the Securities and Futures Commission. These SFC circulars provide intermediaries with specific instructions on how to comply with enhanced regulatory requirements designed to protect the investing public. Registered institutions are required to implement adequate control procedures to ensure compliance when the new rules become effective, as the HKMA will assess adherence during its supervisory process.
Topics
Share