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Event Date Tue Aug 17 HKT (2 months ago)
In your timezone (EDT): Tue Aug 17 3:00am - Tue Aug 17 4:00am
Location Webinar
Region APAC

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.


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