Compliance, Legislative & Regulatory Standards

Manager-in-Charge (MIC) vs Responsible Officer (RO)

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Overview

Manager-in-charge (MIC) regime was implemented on 17 October 2017. Under the regime, MICs of overall management oversight and key business line functions are expected to be responsible officers (ROs) who are the vast majority of these MICs. What are the key differences between MIC and RO?

This lunch and learn session will explain the differences, reinforce the key requirements under the MIC regime and discuss some of the practical issues.

Content

1. What is MIC?
2. Key differences between MIC and RO
3. Recap the key requirements under the MIC regime
4. Selected practical issues discussion

Who should attend

It is primarily targeted to those who are or going to be the MICs. Target audience should have attended the HKSI Institute’s eCourse “Introduction to the Manager-In-Charge (MIC) Regime” prior to attending this lunch and learn session.

Speaker/Course Instructor

Monty YUEN
Mr. Monty Yuen, holder of B. Comm. and LLM, has over ten years of experience in different capacities in the financial industry and is currently a senior compliance manager of a financial institution. Prior to that, he was a manager of Enforcement Division of Securities & Futures Commission. Prior to joining the financial industry and the SFC, Mr. Yuen was a senior inspector with the Royal Hong Kong Police Force. Mr. Yuen also successfully obtained the CFP, PFP, CIM, FCSI and CAMS designations

Details

Code
TPRCR19007801
Date & Time
Monday, 11 Mar 2019 (12:20PM - 1:20PM)
Venue
HKSI Institute Training Centre
Relevant Subject
Type 1 - Dealing in securities
Type 2 - Dealing in futures contracts
Type 3 - Leveraged foreign exchange trading
Type 4 - Advising on securities
Type 5 - Advising on futures contracts
Type 6 - Advising on corporate finance
Type 7 - Providing automated trading services
Type 8 - Securities margin financing
Type 9 - Asset management
Type 10 - Providing credit rating services
Type 11 - Dealing in OTC derivative products or advising on OTC derivative products
Type 12 - Providing client clearing services for OTC derivative transactions
Regulatory Compliance
Language
English
Hours
SFC:1.00, PWMA:1.00