The SFC's New Fund Manager Code of Conduct - Challenges & Opportunities
At this breakfast briefing, guest speakers from Bovill, a regulatory consulting firm, will provide insights from fund managers and their compliance specialists on the revision of the Fund Manager Code of Conduct (“FMCC”), which will be effective on 17 November 2018.
The SFC issued their long anticipated consultation conclusion in November 2017 to finalise the SFC’s proposed changes in the FMCC. During this briefing, Bovill will provide insight into the major changes that are generating the most debate, namely;
(i) securities lending and repurchase agreements (repos);
(iii) liquidity risk management;
(iv) disclosure of leverage.
Welcoming senior management, legal and compliance professionals from across Hong Kong’s financial services buy side sectors, this briefing will discuss the new requirements under the new FMCC. Rebecca Thorpe and Keith Chan of Bovill will also discuss some of the challenges still ahead, and tackle some of the practical issues for fund managers in Hong Kong.
About the speakers
Rebecca Thorpe has been helping financial services firms as a consultant for 15 years across a wide range of conduct themes. She lives in Hong Kong and is the head of our Asia business. After five years with Deloitte’s regulatory practice in London and nearly 10 years with Bovill in London, she took on a new challenge in 2015 to lead and build our overseas offering.
Her subject expertise embraces governance, client money, financial crime and conduct of business requirements – amongst others – across a spectrum of the industry from banking and fund management to fin tech. In the UK she was one of our named Skilled Persons on the UK regulator’s s.166 panel. She continues to work closely with clients, manages the Asia team and sits on our executive committee.
Rebecca holds a Masters degree from Queen Mary University, London in Law and Economics, and undergraduate degree from Durham University in Mathematics and Computer Science.
Keith Chan joined our Hong Kong team in April 2017, with over 10 years of experience in the financial services industry.
Prior to working at Bovill, Keith worked for BlackRock acting as the compliance expert in Hong Kong, a role which included liaising with the SFC and conducting internal regulatory projects. Keith also worked as a compliance consultant at Kinetic Partners Hong Kong, handling SFC license applications and providing on-going compliance support for clients including hedge funds, private equity and inter-dealer brokers. Prior to that, he had roles at both the SFC and the HKMA.
Keith holds a BBA degree from University of Wisconsin, Madison. He is also a Certified Public Accountant in Hong Kong and a certified Financial Risk Manager.
|Member||$ 400.00 HKD|
|Non-Member||$ 470.00 HKD|
- Reservations in advance are required. Please consider your booking confirmed unless notified otherwise.
- Business Attire is required by the Hong Kong Club. No jeans or sports shoes.
- Cancellations must be made in writing 24 hours prior to the event. No shows will be charged.
- This event is closed to the media.
- The event will be cancelled if the No.8 Typhoon signal or the Black Rain Storm warning is in force.
- For further information please email firstname.lastname@example.org
- Please make cheques payable to: "The British Chamber of Commerce in Hong Kong" & send it to Room 1201 Emperor Group Centre, 288 Hennessy Road, Hong Kong
The SFC's New Fund Manager Code of Conduct - Challenges &
Rebecca Thorpe, Partner, Bovill
Keith Chan, Consultant, Bovill
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