In recent years, the Hong Kong Securities and Futures Commission (SFC) continues to strengthen its supervisory actions for licensed corporations. One key element of the SFC’s regulatory tools is their on-site reviews or inspections. Facing an inspection by the SFC can be daunting. This course will guide you through the process of how to prepare for, and what to expect, when you are faced with an inspection by the SFC. This course is for Responsible Officers, Managers-In-Charge, compliance professionals, directors of Licensed Corporations, and their professional advisors. The course will give a comprehensive review of the process involved and recommended actions when market participants face an SFC inspection.
Preparing for SFC Audits and Inspections
Detailed Information
Highlights of the course include:
- Legal and practical basis for Inspections under the Securities and Futures Ordinance (SFO)
- Introduction on the different types of SFC visits
- Inspection “trigger events” and activities generally
- Preparation of staff, office and documents
- In-office visit specifics
- Examination topics
- Examples of common deficiencies
- Pitfalls to avoid and the SFC’s Secrecy Provisions under the SFO
- SFC Inspection findings and how to respond
Registration Conditions
To view our registration conditions click HERE.