Compliance, Legislative & Regulatory Standards

Introduction to the Manager-In-Charge (MIC) Regime (2022)

Updated

Overview

The overall aim of this eCourse is to ensure all the licensed corporations (LC) understand the Manager-In-Charge (MIC) regime requirements and carried out the procedures as stated in the Securities and Futures Commission (SFC)’s circulars.

This eCourse is also available in Traditional Chinese and Simplified Chinese.

Objective

By the end of this course, participants will be able to:
- Explain the background of the Manager-In-Charge (MIC) Regime
- Define who should be regarded as members of senior management of a licensed corporation (LC)
- Describe the roles and responsibilities of a licensed corporation’s board of directors
- Identify the eight core functions with at least one individual assigned as MIC
- Explain the standard of conduct and liabilities of Senior Management
- Identify the MIC information submission requirements on the SFC WINGS

Content

1. Introduction
2. Background of MIC
3. Meaning of Senior Management
4. Roles and Responsibilities of Board
5. Core Functions of a Licensed Corporation
6. Attributes of an MIC
7. Standard of Conduct expected of Senior Management
8. Legal Liabilities of Senior Management
9. Submission of MIC Information

Who should attend

1. All individual who are interested in learning about the MIC regime
2. Those have been, or will be appointed by the Licensed Corporations (LCs) as the MIC, especially they are not the Responsible Officers (ROs) of the LCs

Details

Code
TERCR22015601
Venue
ePlatform
Relevant Subject
Regulatory Compliance
Tags
Updated
Language
English
Level
Introductory
Hours
SFC:1.00, PWMA:1.00
Fees
All Member: HK$100
Staff of Corporate Member: HK$100
Non-Member: HK$200