Sfc licensed activities
Web23 Mar 2024 · Fitness and properness: Nonsecurity virtual assets fall outside the SFC's jurisdiction; however, VA-dealing services that involve the trading of nonsecurity virtual assets may affect an intermediary's fitness and properness to stay licensed or registered to conduct regulated activities. Therefore, intermediaries are expected to comply with all the … Web12 May 2024 · firms which are licensed or are to be licensed for Type 9 regulated activities (asset management) and also manage portfolios which invest solely or partially (subject to a de minimis requirement, i.e. the fund has (i) a stated investment objective to invest in virtual assets or (ii) an intention to invest 10% or more of the gross asset value of the portfolio in …
Sfc licensed activities
Did you know?
WebAccordingly, insurance intermediaries who conduct these particular activities are required to be authorized under the Insurance Ordinance, but are not required to be licensed by the SFC. In addition to the conduct of insurance business, some insurance intermediaries may separately conduct the regulated activities of advising on, or dealing in, securities or … Web11 Jun 2024 · A Responsible Officer bears the primary responsibility for compliance at a licensed corporation and is involved in supervising the regulated activities of the company. Where there are clear failings of internal controls, the Responsible Officer risks having his/her ability to act as an RO revoked by the SFC.
Web7 Jun 2024 · The SFC will also have intervention powers to impose restrictions and prohibitions against the operations of licensed VASPs and their associated entities where the circumstances warrant, such as to prohibit further transactions or … WebA full Licensed Corporation is looking for Responsible Officer to oversee various Regulated Activities 1, 2 & 9. Responsibilities. Act as Responsible Officer with management responsibilities and duties to supervise SFC regulated activities of the firm, such as SFC Type 1, 2 & 9 regulated activities
Web12 Apr 2024 · The SFC will be guided by the Code’s requirements, including the general principles when assessing whether licensed persons are “fit and proper” to remain licensed. Specifically, the SFC ... Web27 Jul 2024 · An asset manager licensed for SFC Type 9 regulated activity (asset management) will typically be subject to a condition that it not hold client assets. On this …
Web9 Feb 2024 · Not engage in VA market making activities on an SFC-licensed platform through which it provides to its clients the VA dealing services. 5. Establish and implement policies for preventing market manipulation or abusive trading activities. 6. Ensure that its anti-money laundering and counter-financing of terrorism systems can adequately …
Web12 Apr 2024 · 您已成功设置为中国版页面。是否希望将这一选择作为您的默认页面。*设置默认登入页面后，就会自动设置 cookie。 email closings businessWeb11 May 2024 · The SFO also contains several key provisions applicable to AIs that are registered with the SFC to carry on a business in one or more regulated activities. In general, AIs are subject to the provisions of the SFO in the same way as licensed corporations (i.e., institutions that are licensed by the SFC) in respect of their regulated activities. email closings automaticWeb22 Jan 2024 · The SFC generally expects that MICs of two core functions set out in the “Circular to Licensed Corporations Regarding Measures for Augmenting the … ford oklahoma city dealersWeb1 Dec 2024 · Licensed corporations. The SFC has the power to revoke or suspend your licence (in related to all or certain regulated activity(ies)) under section 195(1)(c) of the SFO, if you do not carry on all or some of the regulated activity(ies) for which you are licensed.. In any event, if you intend to cease to carry on any regulated activities, you should notify the … ford oklahoma cityWeb14 Apr 2024 · Keith Choy delivered a major speech on the Hong Kong government's attitude towards increased regulation of DeFi. ford oklahoma city okWebThe statement extends the SFC’s regulation of the activities of licensed portfolio managers to cover their crypto-related services. Where a firm is already or will be licensed for Type 9 regulated activity (asset management) for managing portfolios in traditional securities and/or futures contracts, its management of portfolios (or portions ... email: cloudbreakoptics.comWeb1 Oct 2024 · However, SFC-licensed entities should ensure their compliance with the SFC's guidance on the outsourcing of cloud storage services (see Question 3). The IOSCO Principles are intended to provide a framework to guide regulated entities through the steps that should be taken when outsourcing activities. ford olathe