Regulatory Alerts2016-02-15
Added · Updated
SFC Circular on Protecting Client Assets Against Internal Misconduct
The Securities and Futures Commission issued this circular to establish requirements for registered institutions to safeguard client assets from internal misconduct. The guidance mandates the implementation of robust internal controls and monitoring mechanisms to detect and prevent unauthorized activities by employees. It aims to enhance investor protection by ensuring that firms maintain strict oversight over client funds and securities holdings.
Topics
safeguarding
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