In addition, the SFC highlights the duties of senior management/ Managers in Charge of ensuring that the appropriate standards are met, with procedures and policies in place, as well as effective oversight. The circular also specifically raises the possibility of disciplinary action for senior managem...
Fund managers are reminded to regularly monitor and evaluate the underlying investments to ensure the ESG funds continue to meet the stated ESG focus and requirements set out in the Circular. If the ESG is no longer the focus of a fund, fund managers must inform the investors and the SFC as...
Securities and Futures CommissionHong KongPurposeTo examine the nine common areas of non-compliance in managing investment funds and discretionary accounts, detailed in a Hong Kong Securities and Futures Commission (SFC) circular dated September 15, 2017, directed at SFC-licensed asset managers.Design/...
The Securities and Futures Commission (SFC) issued a circular today to set out the conditions that allow intermediaries to distribute research reports of eligible Mainland exchange-traded funds (ETFs) under Stock Connect in Hong Kong. Since the inclusion of ETFs under Stock Connect (ETF Connect) ...
SFCwelcomes Chief Executive's initiatives to enhance Hong Kong's IFC status stock SFC HongKong offshore time: 2023-10-30 13:05:10 views: 45156 SFC, ICAC and AFRC conduct first tripartite operation against suspected corporate fraud and misconduct ...
This client alert provides an overview of the key requirements set out in these two circulars and our views on the regulatory direction of travel in Hong Kong. I.Scope of the Joint Circular and the HKMA Circular The Joint Circular refers to “in...
the nature of the trades should be disclosed to clients and clients’ prior consent should be obtained so that they are fully aware of the inherent conflicts of interest. The 2018 Circular also states that IOIs should contain sufficient details and should only be disseminated when they a...
The first initiative (as more fully described in thecircular) is intended to apply only to regulated fund managers (or their distributors) who have invested (or intend to invest) more than 10 percent of a mixed portfolio in digital assets. In essence, those persons are already subje...
【Circular to Licensed Corporations Engaged in Asset and Wealth Management Activities - Asset and Wealth Management Activities Survey 2023】 As an annual exercise to collect information on asset and wealth management activities in Hong Kong for regulatory and market facilitation purposes and to better un...
In this video, our KPMG partners Tom Jenkins and Matthew Sung discussed the purpose, key issues, and regulatory concerns from a recent circular on Securities and Futures (Financial Resources) Rules (FRR) reporting circulated by Securities and Futures Commission (SFC). They also explored best ...