Regulatory Alerts2016-02-15
Added · Updated
SFC Circular on Protecting Client Assets Against Internal Misconduct
The Securities and Futures Commission issued a circular requiring licensed corporations to strengthen internal controls and management supervision to protect client assets from internal misconduct. The document highlights specific red flags and vulnerabilities while providing key measures for intermediaries to implement in their operating procedures. Registered Institutions are directed to adhere to these guidelines when designing their internal control frameworks to ensure regulatory compliance.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
safeguarding
Share