概要

This eSeminar is a recorded session of the "Update on Simplifying Compliance with Electronic Data Storage Requirements" webinar held on 26 August 2021.

In this eSeminar, the speakers discussed the common challenges and opportunities that the FAQs and subsequent industry implementation of the SFC's EDSP regulations brought to the industry across sectors and according to the problems from LCs of varying sizes.

宗旨

By the end of the eSeminar, you will be able to:
1. Recall the background to the SFC's regulations on electronic data storage
2. Understand the requirements on international electronic data storage
3. Clarify the actions that LCs should have taken and implemented into BAU to achieve compliance
4. Understand common challenges the industry has faced in its implementation, for example Regulatory Records held by overseas affiliates
5. Understand how potential solutions to common industry concerns have evolved throughout its implementation and compliance problems, for example, definition of Regulatory Records, what data must be in Hong Kong and audit requirements for the access maps

內容

- Background of the SFC's recent regulations and FAQs with regards to electronic data storage
- Highlights of the SFC’s expectations on data storage and typical implementation approaches
- Simplified compliance for the fund management industry
- The implementation challenges in complying with the Circular and FAQs in practice, including how these challenges vary across LCs and size
- Practical difficulties of lineage across geographies and common solutions
- The (simplified) contents of an SFC Access Map and lessons learned from completing it, for varying sizes of LC
- How the access map and SFC's EDSP circular align with similar regulatory initiatives such as operational resilience and the HKMA's Secure Tertiary Data Backup Guideline

對象

- Senior Management
- Compliance
- MICs
- Technology Risk, Technology Cloud and Operational Risk staff
- Those with responsibilities around Operational or Data Resilience