Inspection trends and requirements under SFC

28 October 2021

 

Speakers:

Lachlan Chubb, Regional Head of Regulatory Advisory and Projects, ComplianceAsia

Robert Lind, Senior Representative for UK and Europe, ComplianceAsia

 

An Overview of inspection trends and requirements under the Securities & Futures Commission for financial institutions in Hong Kong

The importance of inspections is significant, this has become more evident with the ever-increasing compliance requirements in the financial industry. To prepare financial licensed corporations (LCs) and individuals to meet the business conduct requirements set out by The Securities and Futures Commission (SFC), ComplianceAsia will be co-hosting a webinar that will focus on the inspection trends and the requirements under the SFC for financial institutions in Hong Kong.

 

The SFC sets standards and qualifying criteria for individuals and LCs, including securities brokers, futures dealers, leveraged forex traders, fund managers, investment advisers, sponsors, and credit rating agencies, to operate in our markets under the Securities and Futures Ordinance (SFO). To protect the investing public, the SFC allows only qualified persons to be licensed. They supervise licensed intermediaries to ensure financial soundness and compliance with business conduct requirements through ongoing supervision including off-site monitoring and on-site inspections. It aims to detect risks early and through timely intervention prevent them from spreading. The SFC promotes the industry’s awareness of emerging issues and encourages proper market conduct by providing appropriate guidance.


The thematic inspections of this year covered Anti-Money Laundering & Counter-Financing of Terrorism (AML/CFT), asset managers’ liquidity risk management, intermediary misconduct in listed markets, foreign exchange activities, remote booking, and operational and data risk management. The webinar will highlight several areas to which firms ought to pay particular attention and implement them to the roles and responsibilities of their senior management. Areas particularly scrutinised by the SFC include effective AML/CFT controls to manage risks effectively and the use of special liquidity management tools to deal with significant redemption requests arising from market fluctuations and liquidity crunches, among others. The webinar will delve into the inspection trends, findings, and practical insights.

 
Join Lachlan Chubb, Regional Head of Regulatory Advisory and Projects Division of ComplianceAsia, and Robert Lind, Senior Representative for UK and Europe for ComplianceAsia for an insightful discussion.

 

 

Details on how to join will be sent via email by 5pm the day before the webinar.

 

About the speakers

Lachlan Chubb is the Head of Regulatory Advisory and Projects of ComplianceAsia, Lachlan has over 9 years of experience in the compliance field across Hong Kong and multiple jurisdictions. He holds a Bachelor of Business majoring in International Business & Marketing via correspondence through Southern Cross University in Australia.
As the Head of Regulatory Advisory and Projects, Lachlan leads a team which provides mock regulatory inspections, compliance audits, tailored research projects, policy gap analysis, regulatory rules mapping, regulatory tracking services, and prepares client alerts for regulatory changes. He also provides compliance support to internal teams.


Lachlan held various roles at ComplianceAsia. Previously, he was serving as the Compliance Director and AML Specialist, and was responsible for managing a team of 26 people whilst overseeing 130 financial institutions in Hong Kong. He engaged in drafting compliance manual and internal standard operating procedures, filing change in substantial shareholder application, responsible officer application, licensed representative application and corporate licensing application, AML & KYC enhanced due diligence reviews, pre-SFC inspection reviews, and submitting all miscellaneous regulatory filings.



Robert Lind is the Senior Representative for ComplianceAsia in the UK and Europe, and is responsible for working with clients with an existing or new UK presence and for serving as a point of contact for UK and Europe based firms looking to expand into Asia. Having joined ComplianceAsia’s Hong Kong office in 2019 after graduating from the University of St. Andrews, Robert relocated to London to set up the UK office in October 2020. 


Robert operates as part of the Projects and Advisory team, handling a variety of projects including mock inspections, policy and procedure drafting, gap analysis, reporting on regulatory developments and the provision of ongoing support. Working on projects from advising on marketing guidelines for New Zealand to drafting regulatory rules maps for Japan, Robert has a wide range of experience across multiple jurisdictions in Asia. 


Robert studied International Relations during his time at St. Andrews, finishing his final year on the Dean’s List for academic excellence whilst also receiving the Continued Outstanding Achievement Award in recognition of his achievements on the rugby pitch. During his studies Robert interned in the Corporate Intelligence sector. 

 

Pricing

  • Member: HK$140
  • Non-Member: HK$250

 

 

Terms & Conditions

  • Reservations in advance are required. Please consider your booking confirmed unless notified otherwise.
  • 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.
  • By attending this event, you agree to be photographed, recorded, and/or filmed and give permission to use your likeness in promotional and/or marketing materials.
  • For further information please email [email protected]
  • All payments for this event need to be settled by credit card through PayPal. Please note you do not need a PayPal account to complete payment.
When
10/28/2021 5:00 PM - 6:00 PM
China Standard Time
Where
Webinar (Details Will Be Shared By 5pm on the Day Before the Webinar)

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