The scrutiny comes with a focus on offshore fund distribution and account monitoring.
The Hong Kong Securities and Futures Commission (SFC), the China Securities Regulatory Commission (CSRC) and other mainland authorities have launched a coordinated enforcement initiative aimed at cross-border securities and investment fund-related activities. Regulators are paying particular attention to the marketing and distribution The move follows a review by the SFC of 12 licensed brokers. The regulator said it identified weaknesses in client onboarding, beneficial ownership verif