Sleepless Summer Nights? HK Bank Accounts, Internal Controls and MIC Regime 2021 | Alternative Investment Management Association (AIMA) | 17 August 2021 | Webinar
Venue
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| Event Date |
Tue Aug 17 HKT (over 3 years ago)
In your timezone (EST): Tue Aug 17 3:00am - Tue Aug 17 4:00am |
| Location | Webinar |
| Region | APAC |
Details
This will address the recent SFC Circular to Licensed Corporations (LCs) on Operation of Bank Accounts. The circular requires all LCs to critically review their existing policies , procedures and internal controls to ensure full compliance by 3 January 2022.
To provide proper context to the circular, we will cover the background to the SFC’s rules on internal controls:
• What are the current internal control rules and where are they found?
• What are the problems with them?
• Enforcement actions involving breaches of internal controls
We will also address senior management accountability against the backdrop of the Managers-In- Charge (“MIC”) Regime:
• Overview of MIC Regime.
• Recent trends and enforcement actions.
• How to manage the attendant increased regulatory risk to MICs with this new circular.
Speakers
2021 Speakers
Kher Sheng Lee
Managing Director, Co-Head of APAC and Deputy Global Head of Government Affairs, AIMA
Charlotte Robins
Partner, Allen & Overy
Philippa Allen
CEO, ComplianceAsia
Stuart Somer
Director, S2 Compliance Limited