• The SFC has identified nine common areas of non-compliance in managing funds and discretionary accounts.
• The SFC urged licensed corporations to review their existing internal control procedures and operational...more
10/27/2017
/ Allocation of Funds ,
Anti-Deficiency Provisions ,
Asset Management ,
Asset Protection ,
Asset Valuations ,
Brokers ,
Conflicts of Interest ,
Fund Managers ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Internal Controls ,
Investment Funds ,
Investors ,
Liquidity Risk Management Rule ,
Policies and Procedures ,
Private Funds ,
Receipt of Funds ,
SFO ,
Solicitation ,
Suitability Requirements
•The Commission has identified a number of regulatory concerns with respect to private funds and discretionary accounts, in particular, funds with concentrated, illiquid and interconnected investments.
•The Commission has...more
8/18/2017
/ Asset Management ,
Best Practices ,
Code of Conduct ,
Conflicts of Interest ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Investment Funds ,
Investor Protection ,
New Circular ,
Private Funds ,
Risk Management ,
Senior Managers ,
SFC