Regulatory Alerts2025-10-27
Added · Updated
Updated Guidance on Registration in Respect of Regulated Activities under the Securities and Futures Ordinance and Controls to Ensure Fitness and Properness of Staff
The Hong Kong Monetary Authority consolidates and updates existing guidance on registration for regulated activities under the Securities and Futures Ordinance and controls to ensure the fitness and properness of staff at authorized institutions. This circular does not introduce new regulatory standards but clarifies operational details for becoming a registered institution, appointing executive officers, and maintaining the Register of Securities Staff of AIs. Authorized institutions are reminded to conduct comprehensive reference checks, adhere to the Mandatory Reference Checking Scheme, and perform due diligence on potential employees regarding terminated employments and criminal convictions.
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