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Sfc circular on conduct requirements for otcd

WebWe publish circulars from time to time to remind industry participants of certain regulatory requirements and/or to help them understand regulatory issues. The following lists all circulars which are sortable by issued date and type. WebAug 19, 2024 · The SFC will publish a circular on its website setting out the purposes for which personal data may be used under the regimes, how Relevant Regulated Intermediaries may obtain consent from their clients to the sharing of personal data and the requirements Relevant Regulated Intermediaries need to comply with in relation to such …

New SFC requirements for client asset accounts with …

WebThe MIC measures, which spell out for the first time who the SFC regards as senior management, will apply to all LCs, including fund managers, broker-dealers and investment advisers. The introduction of the MIC measures reflects the SFC's increased focus on senior management and individual responsibility for the conduct and activities of an LC. WebOn 23 December 2024, the Securities and Futures Commission (the SFC) published a circular to intermediaries 1 announcing updates to its frequently asked questions ( FAQs) on Compliance with Suitability Obligations 2 and Requirements for Complex Products. 3. A summary of the key updates can be found below: galilee yacht for sale https://giovannivanegas.com

Hong Kong Regulatory Update: SFC’s significant …

WebMar 2, 2024 · The expected conduct requirements are set out in the relevant prescribed terms and conditions (see Appendix 6 to the joint circular). This includes abiding by the suitability obligations, offering VA advisory services only to PIs, and assessing clients’ VA knowledge before providing such services. WebWe publish circulars from time to time to remind industry participants of regulatory requirements and help them understand regulatory issues. Please note that anti-money … WebNov 24, 2024 · The SFC’s circular, together with the appendices, set out: the operational resilience standards; required implementation measures which supplement the SFC’s existing guidance; and the expected regulatory standards for managing and mitigating some major possible risks of remote working. The report: galileo believed that all nature is designed

SFC concludes consultation on OTC derivatives and conduct risks

Category:Unpacking the SFC’s requirements on the management and

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Sfc circular on conduct requirements for otcd

The SFC updated its Frequently Asked Questions on Compliance …

WebThe SFC has clarified that its expectation on the managers-in-charge ("MICs") requirements under the current licensing regime will apply equally to RA13 i.e. the MICs … WebDec 20, 2024 · The Securities and Futures Commission (SFC) today released consultation conclusions on proposals (Note 1) to enhance the over-the-counter (OTC) derivatives regime and to address conduct risks posed by dealings with group affiliates and other connected persons (Note 2).

Sfc circular on conduct requirements for otcd

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WebJan 4, 2024 · The SFC will introduce the conduct requirements (with respect to (i) segregation and portability, (ii) indirect clearing and (iii) clearing confirmation to clients) … WebNov 27, 2024 · The Circular emphasises that the authenticity, integrity and reliability of regulatory records, as well as the ability to access them promptly, are crucial if the records are required to be produced in legal proceedings initiated by the SFC or …

WebJul 6, 2024 · The SFC Circular requires a fund’s offering documents to provide necessary information for investors to be able to make an informed judgement of the investment. This includes the ESG focus, ESG investment strategy, expected proportion of ESG investment (in terms of net asset value), any reference benchmark, and related risks. WebFeb 25, 2024 · Terms and conditions of licensing / registration – The SFC (in consultation with the HKMA, where applicable) will impose as licensing / registration conditions ( Terms and Conditions) the expected conduct requirements for intermediaries’ provision of VA dealing services under an omnibus account arrangement.

WebThe SFC is now proposing changes to the licensing regime in response to market comments by refining the scope of some of the regulated activities relating to OTC derivatives, and to introduce certain conduct requirements in the Code of Conduct for Persons Licensed by or Registered with the Securities WebFeb 28, 2024 · The Joint Circular provides guidance on the approach to be taken by SFC-licensed or registered intermediaries 2 that wish to engage in activities relating to virtual assets (VAs, which may include utility tokens, security- or asset-backed tokens, stablecoins and other crypto assets), including various new requirements to be complied with and …

WebGeneral Principal 1 of the Code of Conduct requires intermediaries licensed with the SFC to act honestly, fairly and in the best interests of their clients and the integrity of the market when conducting their business activities. General Principal 8 and paragraph 11(a) of the Code of Conduct further requires intermediaries to

WebJan 17, 2024 · On 16 December 2024, the Securities and Futures Commission ( SFC) issued a circular ( link) announcing that the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2024 ( Amendment Ordinance) had been gazetted ( … black boys polo shirtWebOct 26, 2024 · Hong Kong’s Securities and Futures Commission ( SFC) held two virtual briefing sessions in October 2024 and provided useful guidance on its newest climate-related risk management requirements for fund managers, as detailed in the Consultation Conclusions on the Management and Disclosure of Climate-related Risks by Fund … black boys poemWebJan 29, 2024 · that complies with federal labeling requirements. This prohibits the selling of individual cigarettes or “loosies” which is a violation of Federal law, State law, and the … black boy sponge hairWebOct 11, 2024 · The SFC published a circular informing licensed corporations (LCs) that the SFC will defer the introduction of initial margin (IM) requirements for non-centrally cleared over-the-counter (OTC) derivative transactions by one year to provide operational relief in light of the COVID-19 outbreak. galileo browserWebDec 4, 2024 · Circular to Management Companies of SFC-authorised Real Estate Investment Trusts - Clarification on the application of various Listing Rules amendments to SFC-authorised REITs: 31 Jan 2008: Circular to Management Companies of SFC … Notes: In some of these documents, the names of certain individuals have been … We publish circulars from time to time to remind industry participants of certain … The SFC may still take into account its enforcement actions taken before 1 … galileo best known forWebConduct and Internal Control Requirements Under Schedule 11 The SFC will proceed with its proposal to rely on the introduction of Schedule 11 to the Code of Conduct2 and existing provisions in the Product Codes3 for the regulation of RA13 depositaries. The SFC received extensive comments galileo booking fileWebJun 28, 2024 · The client should conduct all future deposits and withdrawals for the client's investment account through that bank account. Record keeping – maintain proper records for each client's account opening process in a manner which is readily accessible for compliance checking and audit purposes. galileo board from intel