SFC Sharing Session re Circular on deficiencies in managing private funds and discretionary accounts

HKIFA is delighted to host a webinar on Nov 26 re SFC’s recent circular on deficiencies in managing private funds and discretionary accounts. It was well attended with over 120 participants.

Anthony Wong and Kelvin Fung, representatives from SFC’s Intermediaries Supervision representatives department, shared the key takeaways of the circular, while Winnie Cheung, Vice-chairman of HKIFA’s Regulatory Subcommittee, presented the industry practices on handling conflicts of interest and information disclosure to investors.

The speakers emphasized the importance of governance, robust policies and measures to comply with regulatory requirements – a good reminder for all asset managers to review the existing arrangements and controls.

Stay tuned for more regulatory updates from HKIFA.