Sfc key investment personnel requirement
WebOct 13, 2014 · F ollowing a consultation (“Consultation”) in May, 2013, in September, 2014, the Securities and Futures Commission (“SFC”) introduced a new regime governing how licensed and registered persons must deal with professional investors with effect from March, 2016. The new regime limits the availability of current exemptions from … WebOct 26, 2024 · The SFC adopted a two-tier approach, where all in-scope LCs are required to comply with the baseline requirements. In-scope LCs that qualify as large fund managers (i.e. LCs with funds under discretionary management equal to or in excess of HK$8 billion) are required to comply with enhanced standards in addition to the baseline requirements.
Sfc key investment personnel requirement
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WebThe regulatory expectations of the key operators of Hong Kong public funds are set out in the UT Code4. Currently the SFC only has direct powers to supervise or take disciplinary action against fund managers of public funds in breach of the UT Code. Due to the lack of a specific and direct regulatory handle, the SFC WebApr 13, 2024 · The investment advisor applying for its asset management licence and its directors and substantial shareholders will also be required to submit SFC application …
WebDec 7, 2024 · The SFC has also introduced flexibility around the key investment personnel requirements by allowing multinational management companies and investment … WebOct 20, 2024 · The SFC is not likely to be satisfied that a corporation is fit and proper if its key personnel ( e.g. managers, officers and directors), non-executive directors, substantial shareholders or other controllers fail to meet the Fit and Proper Guidelines. WHAT PERSONNEL DO I NEED TO QUALIFY FOR AN SFC LICENSE Minimum of 2 ROs
Webii maintain its required liquid capital of approximately $2.8 million between 13 and 18 December 2024, and. iii notify the SFC when it became aware of its inability to comply with the financial resources requirements; iv anticipate its proprietary trading in shares would trigger adverse implications to its liquid capital calculation under the FRR. WebAug 3, 2024 · Documentation evidencing that an investment adviser has taken steps to satisfy its fiduciary duties, regulatory requirements and internal policies with respect to principal transactions and cross ...
WebApr 30, 2024 · In addition, the SFC would expect detailed background information with a special focus on the relevant virtual assets experience of the senior management of the firm, including department heads, team leaders, and in respect of key investment personnel (such as the CEO and CIO), their virtual assets fund management experience in the past …
WebAug 30, 2024 · The SFC issued a consultation on its proposals in October 2024. The requirements cover four key elements: governance, investment management, risk management and disclosure. Our article which summarises key elements of the previous proposals and how they would apply to fund managers is available here: Climate-related … childhood fluWebcompatible with the MIC requirements. The SFC expects LCs to adopt a formal document, which is approved by the Board, that sets out the LC's management structure, and the roles, responsibilities and reporting lines of its senior management personnel. The SFC also expects LCs to submit an organisational chart which should depict: got season 3 episode 2WebNov 7, 2024 · Among those specified in the SFC circular, licensed companies must: Have effective policies and procedures to manage risks related to client data and data regarding the firm’s business operation (“relevant information”). got season 3 episode 3 recapgot season 4 download 720pWebApr 4, 2024 · Key Personnel Requirements Currently, a management company and its delegates (if any) must each have at least two key personnel who are dedicated full … got season 3 ep 4WebJul 13, 2024 · Personnel requirements Ultimate ownership Ultimate owners The ultimate owners of the VA exchange must be approved by the SFC. The ownership threshold adopts the existing term in relation to a corporation under the AMLO, which makes sense given the AML/CTF focus of the VA Licensing Regime. childhood first tri-xWebJan 3, 2024 · Standard Chartered Investment Services has been slapped with a fine worth $3 million in Hong Kong for hiring staff with insufficient investment experience. The … got season 3 episode 1 cast