2024 Sfc circular on conduct requirements for otcd

Sfc circular on conduct requirements for otcd

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August undefined, 2024

WebJun 12, 2024 · The SFC published a circular informing licensed corporations (LCs) that the SFC will defer the introduction of initial margin (IM) requirements for non-centrally cleared over-the-counter (OTC) derivative transactions by one year to provide operational relief in light of the COVID-19 outbreak. WebSep 22, 2024 · We have compiled the following chronology table which serves as a quick reference point to track the circulars and guidance published by HK financial services regulators in relation to COVID-19. We will update the table regularly. Kindly note that the table is not intended to capture all regulatory publications on an exhaustive basis.

Investor Identification and OTC Securities Transactions …

WebGeneral Principal 1 of the Code of Conduct requires intermediaries licensed with the SFC to act honestly, fairly and in the best interests of their clients and the integrity of the market when conducting their business activities. General Principal 8 and paragraph 11(a) of the Code of Conduct further requires intermediaries to WebOn 23 December 2024, the Securities and Futures Commission (the SFC) published a circular to intermediaries 1 announcing updates to its frequently asked questions ( FAQs) on Compliance with Suitability Obligations 2 and Requirements for Complex Products. 3. A summary of the key updates can be found below: i\u0027m gonna trust in the lord

COVID-19 Related Circulars Or Guidance (Non-Exhaustive ... - Mondaq

WebFeb 25, 2024 · Terms and conditions of licensing / registration – The SFC (in consultation with the HKMA, where applicable) will impose as licensing / registration conditions ( Terms and Conditions) the expected conduct requirements for intermediaries’ provision of VA dealing services under an omnibus account arrangement. WebJun 28, 2024 · The client should conduct all future deposits and withdrawals for the client's investment account through that bank account. Record keeping – maintain proper records for each client's account opening process in a manner which is readily accessible for compliance checking and audit purposes. WebApr 11, 2024 · On 31 March 2024, the Hong Kong Securities and Futures Commission released a new circular to licensed corporations on the handling of client complaints, … netsh.exe interface portproxy add v4tov4

e-Distribution - SFC

WebNov 4, 2024 · On 29 October 2024, Hong Kong’s Securities and Futures Commission (SFC) issued a consultation paper (the Consultation Paper) on proposed amendments to the Fund Manager Code of Conduct (FMCC) that would require fund managers to consider climate-related risks in their investment and risk management processes. WebJan 11, 2024 · The risk management requirements apply where an SFC licensed corporation arranges for such a group affiliate to enter into OTC derivative transactions: … i\u0027m gonna turn this car aroundWebFeb 10, 2024 · The 2024 Circular also states that IOIs should contain sufficient details and should only be disseminated when they are based on a genuine client or proprietary … i\u0027m gonna type it in

"WebThe SFC has clarified that its expectation on the managers-in-charge ("MICs") requirements under the current licensing regime will apply equally to RA13 i.e. the MICs … " - Sfc circular on conduct requirements for otcd

Sfc circular on conduct requirements for otcd

Web(7) Nonprofit establishments, except that persons qualifying under California Health and Safety Code Section 11362.7 et seq. to use medical marijuana may smoke medical … WebJan 17, 2024 · On 16 December 2024, the Securities and Futures Commission ( SFC) issued a circular ( link) announcing that the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2024 ( Amendment Ordinance) had been gazetted ( …

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WebJan 29, 2024 · that complies with federal labeling requirements. This prohibits the selling of individual cigarettes or “loosies” which is a violation of Federal law, State law, and the … WebOct 11, 2024 · The SFC published a circular informing licensed corporations (LCs) that the SFC will defer the introduction of initial margin (IM) requirements for non-centrally cleared over-the-counter (OTC) derivative transactions by one year to provide operational relief in light of the COVID-19 outbreak.

WebOct 26, 2024 · Hong Kong’s Securities and Futures Commission ( SFC) held two virtual briefing sessions in October 2024 and provided useful guidance on its newest climate-related risk management requirements for fund managers, as detailed in the Consultation Conclusions on the Management and Disclosure of Climate-related Risks by Fund … WebNov 27, 2024 · The Circular emphasises that the authenticity, integrity and reliability of regulatory records, as well as the ability to access them promptly, are crucial if the records are required to be produced in legal proceedings initiated by the SFC or …

WebJan 5, 2024 · The SFC added a new question 39 to the Complex Products FAQs to provide guidance in complying with paragraph 5.5 of the Code of Conduct, particularly on how to perform product due diligence,... Webto use Delegated Departmental Purchasing authority, the following requirements must be met: 1. Departments must submit a roster of employees in the department who are …

WebJan 4, 2024 · The SFC will introduce the conduct requirements (with respect to (i) segregation and portability, (ii) indirect clearing and (iii) clearing confirmation to clients) …

WebNov 24, 2024 · The SFC’s circular, together with the appendices, set out: the operational resilience standards; required implementation measures which supplement the SFC’s existing guidance; and the expected regulatory standards for managing and mitigating some major possible risks of remote working. The report: i\u0027m gonna walk before they make me runWebThe MIC measures, which spell out for the first time who the SFC regards as senior management, will apply to all LCs, including fund managers, broker-dealers and investment advisers. The introduction of the MIC measures reflects the SFC's increased focus on senior management and individual responsibility for the conduct and activities of an LC. netsh.exe interface portproxy deleteWebDec 20, 2024 · The Securities and Futures Commission (SFC) today released consultation conclusions on proposals (Note 1) to enhance the over-the-counter (OTC) derivatives regime and to address conduct risks posed by dealings with group affiliates and other connected persons (Note 2). i\u0027m gonna trust in the lord lyricsWebWe publish circulars from time to time to remind industry participants of regulatory requirements and help them understand regulatory issues. Please note that anti-money … i\u0027m gonna walk them golden stairs lyricsWebMar 27, 2024 · In August 2024, the SFC issued consultation conclusions on proposals to introduce an investor identification regime (HKIDR) at trading level for the securities … netsh.exe network command shellWebJan 11, 2024 · New paragraph 4.3A to the Hong Kong code of conduct will require SFC licensed corporations which enter into non-centrally cleared OTC derivative transactions to implement specified risk mitigation requirements. The SFC licensed corporations subject to specified risk mitigation requirements are set out in a new Schedule 10 to the Hong … i\u0027m gonna walk those streets of glory lyricsWebConduct and Internal Control Requirements Under Schedule 11 The SFC will proceed with its proposal to rely on the introduction of Schedule 11 to the Code of Conduct2 and existing provisions in the Product Codes3 for the regulation of RA13 depositaries. The SFC received extensive comments i\u0027m gonna walk away from love lyrics