Compliance, Legislative & Regulatory Standards
[Webinar] Compliance in Action: Preparing for SFC Inspections
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”.
Content
1. Background of the SFC inspection
- SFC’s power on inspection and triggering factors
- Managing communication with the regulator
2. Before the Opening Meeting
- The phone call
- Preliminary information and documents request
- Preliminary questionnaire
3. The Opening Meeting
- Business presentation
- Compliance and risk management
- AML/CTF
- Other matters
- What you should and should not mention
4. The inspection and interview process
- Interviews
- Documents requests
- Closing meeting and recommendations
5. Preparation for the SFC Inspection
- Ongoing
- Pre-SFC Inspection
6. Common topics and recent hot topics
7. Recent SFC cases
Who should attend
This course is mainly targeted at senior management of the licensed corporations such as directors, RO and MICs, as well as compliance staff.
Speaker/Course Instructor
Prior to joining Waystone, Leo served as the Head of Compliance for several SFC-licensed corporations (including asset management, securities brokerage and crypto prime brokerage firms, focusing on SFC Type 1, 2, 5, 6, 9 licenses). In addition, as a former auditor and SFC compliance consultant, Leo managed a wide array of regulatory projects for large institutions and SFC-licensed corporations during the time when he was in PricewaterhouseCoopers HK, ACA Compliance Group, and aiM Group. Leo holds a Master’s degree in Accounting from the University of Cambridge and is a qualified member of the HKICPA and GARP (FRM).