Changes to SFC Fund Manager Code of Conduct The SFC expects to be ready to roll these changes out over the next few months. Mr Alder noted that the changes would apply to private as well as retail funds and said that the main supervisory issues of relevance to hedge fund managers were va...
3. Fund Manager Code of Conduct Breaches The areas the SFC tends to focus on in inspections include best execution, order allocation and proper record keeping. 4. Non-Compliance with anti-money laundering guidelines There was a big jump in the number of AML related breaches (up...
On 29 September 2022, the SFC suspended the licence of a hedge fund manager for two years after the SFAT upheld the SFC’s disciplinary action against him for breaches of the Code of Conduct by dealing in shares based on information obtained during a market sounding call.SFC...
Failure to report suspicious client transactions may also amount to a breach of paragraph 12.5(f) of the Code of Conduct.An asset manager may also be in breach of the AML Guideline if for example it fails to conduct appropriate customer due ...
The SFC also wants to introduce a statutory mechanism for the re-domiciliation of overseas corporate funds to Hong Kong. “Under the proposed statutory mechanism, an existing fund’s corporate identity, continuity and track record would be preserved. Not having to establish a completely new legal ...
The SFC also conducted 71 on-site inspections of licensed corporations to review their compliance with the applicable regulatory requirements. Among the 245 breaches identified during the on-site inspections, about 70% of the breaches are related to a breach of the Code of Conduct for...
Any payout can be reduced partially or in full in the case of a breach of the code of conduct, risk limits, compliance requirements or comparable criteria deemed relevant. B.1.2.2.1. Pension plan Heads of independent control functions and Risk Takers are not eligible for a s...
but fell to eventual champions Milwaukee Rampage. That year (1997) BC Lions owner Mr. David Braley helped keep professional soccer alive in Metro Vancouver by purchasing the club and also saw the return of Lenarduzzi to the club as general manager after his spell as Canadian National team head...
2) Corporate Finance Adviser Code of Conduct(SFC) 《企业融资顾问操守准则》(证监会)3) Fund Manager Code of Conduct(SFC) 《基金经理操守准则》(证监会)4) Code of Conduct for Persons Registered with the Securities and Futures Commission 《证券及期货事务监察委员会注册人操守准则》...
2) Fund Manager Code of Conduct(SFC) 《基金经理操守准则》(证监会) 3) Code of Conduct for Share Registrars (SFC) 《股份登记机构操守准则》(证监会) 4) corporate finance advising/corporate finance advisory service 企业融资顾问服务 5) Code of Conduct for Persons Registered with the Securities and ...