Enrolment in courses run by Hong Kong Institute of Bankers begins in April 2017.
Findings include insufficient management and control personnel involvement in governance.
Staff alleged to have bribed managers to obtain customer data and sell high-interest loans.
Disciplinary actions up 67%; civil proceedings rise 23%; completed investigations increase by 24%.
Regulators will collaborate on ‘experience sharing’, information exchange.
Agreement to allow cross-border sales includes rules on equal treatment of investors.
Paper filing by individual applicants and licensees will not be allowed from 1 February 2017.
Registration set to include ‘hundreds of executives in support functions’.
Sessions aim to brief firms on their obligations before 1 July 2017 implementation.
Proposals aim to align HK with international standards; protect investors and market integrity.
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