Compliance, Legislative & Regulatory Standards

[Webinar] Latest Enforcement Cases Relating to Suitability Requirement

Overview

According to the findings of the SFC-HKMA’s joint survey released on 7 October 2021, a total of 308 licensed corporations and registered institutions reported selling Non-exchange Traded Investment Products. During 2020, the aggregate transaction amount is HK$5,700 billion, with the participation of over 700,000 investors. It is vital that intermediaries are conversant with the latest Suitability Requirements.

The course will share the enforcement cases relating to Suitability Requirement identified by the SFC and the lessons learnt.

Objective

At the end of seminar, participants should be able to describe the best practices of the SFC’s Suitability Requirement.

Content

1. All licensed and registered persons’ suitability obligations
2. Triggering of Suitability Obligations
3. Suitability Requirement process
4. Latest SFC enforcement cases relating to Suitability Requirement focusing on errors in:
- Conducting client risk profiling
- Products due diligence
- Matching of products
- Documentation and disclosure
- Record keeping
- Others
5. Lessons learnt

Who should attend

Target participants are industrial practitioners with basic understanding of the SFC Suitability Requirement.

Financial Incentive Scheme of the WAM Pilot Programme

This is one of the eligible courses / seminars under the Financial Incentive Scheme (“The Scheme”) of the WAM Pilot Programme.

Eligible in-service practitioners of the financial services industry could apply for a reimbursement up to 80% of the course / seminar fees, or a maximum of HK$10,000 per person for courses/seminars held for the period from 1 October 2016 to 31 August 2022 upon satisfactory completion.

Each individual may apply for reimbursement for more than one course / seminar subject to a maximum of HK$10,000 but each course / seminar can only be reimbursed once.

The duly signed application form together with the FIVE supporting documents must be submitted within FOUR months from the last day of the course / seminar attended. Please refer to the WAM Pilot Programme website for more details.

WAM Pilot Programme Special Requirements

If you plan to apply for reimbursement under the Financial Incentive Scheme (FIS), please ensure your device/computer has the camera feature or with webcam installed as you are required to turn on your camera throughout the webinar.

Speaker/Course Instructor

Stella LAM
Ms Lam is both an experienced banker, and a seasoned trainer. Having gained a decade of experience in consumer banking and branch management at an international leading bank, she made a shift to the learning and development field - she was a university teaching staff, and she led the personal banking training department in different banks. She is now a consultant to various financial institutions.

Ms Lam graduated from University of Manchester Institute of Science and Technology. She then attained Master in Finance from the City University of Hong Kong and Master in Human Resource Management and Training from the University of Leicester. She is a Certified Financial Planner®, an Associate of the Chartered Institute of Bankers and a Certified Banker. She gained the Professional Certificate for ECF Anti-Money Laundering and Counter-Financing of Terrorism in 2020.

Details

Code
TPRCR22015503
Date & Time
Friday, 29 Jul 2022 (12:00PM - 2:00PM)
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
Trad. Chi / Cantonese
Hours
SFC:2.00, PWMA:2.00
Fees
All Member: HK$440
Staff of Corporate Member: HK$440
Non-Member: HK$880
Student Member (UHKSI): HK$220