Compliance
Compliance Corner - SFC, CBIRC
The latest compliance issues in the wealth management sector across Asia-Pacific.
SFC, CBIRC
The China Banking and Insurance Regulatory
Commission (CBIRC) and the Securities
and Futures Commission (SFC) have entered into a Memorandum
of Understanding (MoU).
The new agreement will surround the cooperation and exchange of
information between the two authorities about regulated entities
of the CBIRC or the SFC that operate on a cross-boundary basis in
Hong Kong and Mainland.
The MoU will allow the CBIRC and the SFC to cooperate in the
areas of investor protection, promoting the competence and
integrity of cross-boundary regulated entities, fostering market
and financial integrity, reducing systemic risk and maintaining
financial stability.