A. All rights reserved.The updated terms to the Securities and Futures Commission’s (SFC) Fund Manager Code of Conduct (FMCC) came into effect on November 17, 2018. SFC's Fund Manager Code of Conduct The updated terms to the Securities and Futures Commission’s (SFC) Fund Manager Code of Conduct (FMCC) came into effect on November 17, 2018. are designed to help firms by simplifying the FMCC’s requirements and exploring the optimum way to satisfy them. Fund Manager Code of Conduct. This Code sets out conduct requirements for persons licensed by or registered with the Securities and Futures Commission (SFC) whose business involves the management of collective investment schemes (whether authorized or unauthorized) and/or discretionary accounts (in the form of an investment mandate or pre-defined model portfolio) (Fund Managers).
Our services, which offer a risk-based approach, include:Post-implementation review: to help your firm review your process against the FMCC’s requirements, identify gaps in your existing process and provide solutions appropriate to your business model.Governance infrastructure: a review of your firm’s policies and governance programme to provide a report and recommendations on how to bring key stakeholders into the compliance process.Risk management infrastructure: provides your firm with a framework of policies, procedures, manuals and related documentation to allow your firm to adopt an appropriate internal control structure to facilitate adherence to the updated FMCC terms.Training: to help your firm maintain an environment of compliance required by the SFC, with topics including various aspects of risk management (risk identification, monitoring and mitigation), oversight of third parties and conflicts of interest management.Technology: provides your firm with the support to navigate through complex compliance and operational tasks and processes, and assistance with managing your firm’s regulatory requirements. Hong Kong’s SFC (Securities and Futures Commission) published its conclusion on proposed changes to the Fund Manager Code of Conduct (FMCC) last November, helping to clarify a few of the remaining areas of contention following its original consultation paper published the previous year. This Code sets out conduct requirements for persons licensed by or registered with the Securities and Futures Commission (SFC) whose business involves the discretionary management of collective investment schemes (whether authorised or unauthorised) (Fund Managers). General. Of significance to Hong Kong fund managers are the forthcoming changes to the Fund Manager Code of Conduct …
These guidelines apply to all licensed or registered persons acting as Fund Managers, including, as appropriate, their … ... Fund Managers should comply with the relevant requirements under the UT Code and the SFC Products Handbook as updated from time to time. It applies to anyone licensed by or registered with the SFC to carry out asset management activities in Hong Kong. 201508203N) Q1: A number of requirements under the FMCC are specified to be applicable to a Fund Manager that is responsible for the overall operation of a fund. © 2017-2020 ACA Compliance Group Holdings, LLC. On Thursday 16 November 2017, the Hong Kong Securities and Futures Commission (SFC) released its Consultation Conclusions on Proposals to Enhance Asset Management Regulation and Point-of-Sale Transparency and Further Consultation on Proposed Disclosure Requirements Applicable to Discretionary Accounts. Hong Kong’s SFC (Securities and Futures Commission) published its conclusion on proposed changes to the With the updated rules due to be implemented in six months’ time, Cordium produced a quick summary of ten key points you need to know from the latest consultation conclusions on Asset Management regulation.PBOC has formed a new subsidiary to streamline efforts to launch a central bank...Financial institutions are directed to study the guidance to identify and address gaps in...The Cambridge Centre for Alternative Finance, World Bank Group and World Economic Forum are...Insurers and intermediaries such as banks have to apply to enter the InsurTech Sandbox...Law enforcement will receive funding to bolster its ability to go after cyber criminals,...Private firms are invited to submit innovative solutions that can help enhance trade finance...Copyright © 2018 inAsia Media Pte Ltd, 51 Goldhill Plaza, #07-10 Singapore 308900 (Company no.
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