Regulatory Alerts2017-12-28
Added · Updated
HKMA Guidance on Cooperation with SFC in Investigations and Enforcement Proceedings
The Hong Kong Monetary Authority issued guidance to Registered Institutions regarding the assessment of cooperation during investigations into regulated activities and fitness of individuals. The regulator will reference the Securities and Futures Commission's principles on cooperation when determining disciplinary actions or referring cases for enforcement proceedings. Entities are encouraged to demonstrate proactive cooperation to save time and resources, with the HKMA conveying its observations on the degree of cooperation to the SFC for consideration.
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