Online
Webinar: Updates on Financial Resources Rules (FRR) by SFC
The Securities and Futures Commission (“SFC”) has published on 26 June 2020 the draft revised financial return form required to be filed by licensed corporations (“LCs”) under Section 56 of the Securities and Futures (Financial Resources) Rules. The new form is to be used only for accounting periods beginning on or after 1 January 2022. The financial soundness and regulatory risks of LCs are a primary focus of the SFC. Therefore, the form has been revised to collect additional data from LCs so that the SFC is able to identify risks in a timely manner, take prompt supervisory action and protect investors. There are a number of changes to the form, so LCs are strongly encouraged to review the form and begin collecting the required additional data.
As you already know, ComplianceAsia is assisting a large number of our clients with the filing of their FRR notifications. We are also involved in various notifications to the SFC in relation to the financial resources return.
In this regard, ComplianceAsia is hosting a webinar on 14 December, 2021 at 4:30pm HKT where we can explain the changes in more detail and assist you in preparing or reviewing your financial return to ensure it is complete.
Event details:
Date:
Tuesday 14 December 2021
Time:
4:30pm - 5:15pm (HKT)
Moderator:
Alex Duperouzel, Managing Director
Speakers:
- Wesley Fong, Assistant Compliance Manager
- Ryan Lee, Accounting Specialist
- Aditi Kacholia, Compliance Consultant
To secure your spot please RSVP by clicking here by Monday 13th December 2021.
