Zhongtai International breached AML/CTF Ordinance, Code of Conduct and SFC guidance.
July deadline looming large over financial institutions and their service providers.
Firm breached 3 regulations including SFC Code of Conduct.
All authorised funds must now disclose ongoing charges, past performance.
Banks should set up or expand board-level committees to tackle the issue.
Joint accounts and existing investments to be counted towards qualification amount.
Morgan McKinley report says cybersecurity among the strongest areas of demand.
Requirement that novation dates be reported by 28 February postponed.
Upcoming consultation expected to have ‘no significant deviation’ from BCBS standardised framework.
Regulators notes 'controls, monitoring and compliance review’ lapses by private banks.