Compliance, Legislative & Regulatory Standards

[Webinar] Preparation for an SFC Inspection from a RO Perspective

Overview

On-site reviews such as Routine Inspections conducted by the Securities and Futures Commission (SFC) are a major tool for its supervisory actions. Receiving a phone call from the regulator regarding an upcoming visit in the near future can be quite daunting. However, with a better understanding of the inspection and careful preparation, the whole process can be quite “routine”.

Objective

By the end of this webinar, participants will be able to know the preparation for and the process of the inspection from a management perspective. They will also learn lessons and tips for enhancing the readiness for inspection visits.

Content

1. Background of the SFC inspection
- Reasons and triggering factors
- Managing communication with the regulator
2. Setting the stage
- The phone call
- Preliminary information and documents request
- Preliminary questionnaire
3. Preparation for the Opening Meeting
- Business presentation
- Compliance and risk management
- AML/CTF
4. The inspection engagement
- Interviews
- Documents requests
- Closing meeting and recommendations
5. Mock audit/compliance health checks

Who should attend

This course is mainly targeted at senior management and compliance staff of SFC licensed entities.

Speaker/Course Instructor

Alex CHAN
Alex Chan has been a Compliance Director for various SFC regulated licensees such as private equity, hedge fund and independent wealth manager. Alex has hands-on experience in all aspects of regulatory compliance from a senior executive perspective. He has had a 20+ year banking and investment career and has held senior positions in JP Morgan, BNP Paribas and Credit Suisse.

Details

Code
TPRCR21013303
Date & Time
Monday, 4 Oct 2021 (6:30PM - 9:00PM)
Venue
Virtual Platform
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:2.50, PWMA:2.50