Regulatory Alerts2025-09-12
Added · Updated
Supervisory Policy Manual SB-1 Supervision of Regulated Activities of SFC-Registered Authorized Institutions
This document updates Supervisory Policy Manual SB-1 to version 4, superseding previous guidelines dated July 2023 and May 2024. It establishes the Hong Kong Monetary Authority's approach to supervising the regulated activities of Authorized Institutions registered with the Securities and Futures Commission. The manual outlines the regulatory framework, including cooperation between the HKMA and the SFC, and defines the HKMA's role as the front-line supervisor. It details a risk-based supervisory approach comprising three levels of action: encouraging good practices, requiring corrective actions for deficiencies, and initiating enforcement for misconduct. The text specifies requirements for corporate governance, internal controls, executive officer appointments, and compliance with the Securities and Futures Ordinance.
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