All posts tagged "MiC"
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480Hong KongSFC Sets Out Expectations on Complaints Handling Processes
LCs should set a 7-day timeline for acknowledging receipt of complaints and a 2-month timeline for providing a final response to the complainant.
April 1, 2022 -
620FeatureSFC to Raise Competency Bar for Licensees, With Some Flexibilities
Among the changes, the SFC proposes tougher requirements for advisers on Takeovers Code transactions, to address concerns about the poor quality of work in this area.
December 14, 2020 -
732Hong Kong
SFC Provides Alternative for Compliance With Data Storage Rules
The SFC will accept an undertaking from core function MICs as an alternative means of satisfying the requirement for a countersigned notice or undertaking from an EDSP.
December 10, 2020 -
665AML / KYC
SFC Directs Senior Managers to Correct AML/CFT Deficiencies
The SFC found deficiencies in areas including oversight, internal controls, risk assessments, third party deposits, SoW/SoF checks, and sanctions screening, among others.
December 2, 2020 -
2.2KContributed ArticlePractical Tips for Compliance with Singapore’s IAC Guidelines
Shuhui Kwok at Allen & Overy provides practical tips for FIs to consider when assessing the IAC Guidelines, their application and implementation.
November 17, 2020 -
1.0KEuropeBovill Research Calls into Question Efficacy of FCA’s SMCR
The FCA’s experience with SMCR could inform senior management regimes in other jurisdictions such as Singapore, Australia and Hong Kong.
October 28, 2020 -
1.3KFeatured ArticlesVideo: Understanding MAS’ IAC Guidelines with Herbert Smith Freehills
Regulation Asia sat down with Natalie Curtis, Partner at Herbert Smith Freehills, to understand MAS' new framework on individual accountability and conduct, ahead of its formal introduction expected in early 2020.
January 13, 2020 -
4.7KBig PictureRegulatory Change the Single Biggest Compliance Challenge
Financial crime, culture & conduct risk, personal liability and technology are some of the other top compliance challenges cited in the latest Thomson Reuters Cost of Compliance report.
July 2, 2019 -
1.1KHong KongSFC Asks Licensed Firms to Review Controls on Third-Party Deposits
Senior management will be held accountable for failures to put in place effective policies, procedures and controls for handling third-party deposits and payments.
June 4, 2019 -
871EnforcementSFC Ramps Up Enforcement Against Capital Market Abuse
Life is about to get very uncomfortable for those who abuse Hong Kong's capital markets, said the SFC's Thomas Atkinson at the 2018 Refinitiv Pan Asian Regulatory Summit.
October 12, 2018
