Financial institutions providing prime services and conducting equity derivatives activities in Hong Kong are reminded of their requirement to abide to local rules and regulations, regardless of where the risk positions are booked.

Hong Kong’s Securities and Futures Commission (SFC) has released a regulatory update setting out the standards of conduct and internal controls the regulator expects from prime brokers. Under the new regulatory guidelines, financial institutions offering prime services are expected to overlay their own risk management programmes with the relevant local regulatory requirements by maintaining effective policies, ensuring provision of adequate information, establishing risk limits and assess

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