the Code of Conduct for Persons Licensed by or Registered with the SFC (Code of Conduct), which will take effect on 17 August 2018; and the Fund Manager Code of Conduct (FMCC), which will take effect on 17 November 2018. The SFC proposes to regulate the operation of ALPs by including a set of requirements in the Code of Conduct that are similar to the conditions currently imposed upon the licences of ALP operators. General Principles 2 and 6 of the Code of Conduct provide that a licensed corporation should act in the best interests of clients and avoid conflicts of interest. No fighting, taunting or threatening remarks and/or gestures The SFC Code of Conduct provides a framework to drive continuous improvement in health and safety and product stewardship. Q1: Should the authorization status (that is, whether or not the product or offering document has been authorized by the Commission) form part of the “relevant material information” which is required to be disclosed to the clients by the licensed or registered persons under the Code of Conduct? The implementation deadline for the SFC (Securities & Futures Commission) Fund Manager Code of Conduct (FMCC) is now about one month away for fund managers with operations in Hong Kong. Agreement and adherence to this code of conduct is a requirement for membership in the Spray Foam Coalition for companies that manufacture SPF Paragraph 8 of the Appendix to the Management, Intermediaries are expected to make available revised client agreements expeditiously to enable existing clients to enter into revised client agreements (by way of amending / replacing their existing agreements) as soon as possible. Learn more about our, Academic and Accreditation Advisory Committee, Committee on Real Estate Investment Trusts, Share Registrars' Disciplinary Appeals Committee, Mainland-Hong Kong Mutual Recognition of Funds, Cooperative arrangements with the CSRC and Mainland exchanges, Cooperative arrangements with other Mainland regulators, Investigatory assistance and exchange of information, Public enquiries: Further guidance and sources of information, Companies (Winding Up and Miscellaneous Provisions) Ordinance exemptions, Guidelines on Disclosure of Inside Information, Disciplinary proceedings before the Takeovers Panel, Types of intermediary and licensed individual, Register of licensees & registered institutions, List of modifications or waivers of licensing requirements, List of jurisdictions with comparable OTCD margin requirements, List of publicly offered investment products, Specific information about unlisted structured investment products, List of recognised jurisdiction schemes and inspection regimes, List of registered open-ended fund companies, Register of Automated Trading Services Authorized Under Part III of the Securities and Futures Ordinance, List of Designated Central Counterparties for the Purposes of Mandatory Clearing Under Part IIIA of the Securities and Futures Ordinance, Aggregated reportable short positions of specified shares, Securities and Futures Ordinance (with subsidiary legislation), Companies (Winding Up and Miscellaneous Provisions) Ordinance (with subsidiary legislation), Securities and Futures Ordinance Part XV - Disclosure of Interests, List of eligible jurisdictions for remote onboarding of overseas individual clients, Anti-money laundering and counter-financing of terrorism, Other publications and information sources, Minimum information to be provided and warning statements, Open-ended Fund Company: The corporate investment fund vehicle in Hong Kong, High shareholding concentration announcements, The Investor Compensation Company Limited, Code of Conduct for Persons Providing Credit Rating Services, SFC Handbook for Unit Trusts and Mutual Funds, Investment-Linked Assurance Schemes and Unlisted Structured Investment Products, No previous versions before the launch of the Handbook. It applies to anyone licensed by or registered with the SFC to carry out asset management activities in Hong Kong. If you continue to use this website, you are agreeing to their uses. As stated in the Consultation Conclusions on the Client Agreement Requirements (“Consultation Conclusions”) issued on 8 December 2015, all intermediaries, including those licensed or registered for Type 9 regulated activity, should include the New Clause in their client agreements. of the codes. Breach of a code of conduct provision may lead to disciplinary action. Alexandra Hagen CEO, White Arkitekter We are proud of being an employee-owned company with professional expertise. With the regulation now in force, there are a number of activities firms should … Define SFC Code of Conduct. The Securities and Futures Commission (SFC) has published a consultation paper (SFC Consultation Paper) the main focus of which is proposed amendments to the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission (the Code) in relation to the proposed establishment of a Financial Dispute Resolution Centre Ltd (FDRC) by the Government of Hong Kong to handle monetary disputes between financial institutions and their individual and sole proprietorship cus… Law Soc: 1 CPD . On 8 November 2011, the Securities and Future Commission (SFC) issued a consultation paper on proposals to amend the Code of Conduct for Persons Licensed by or Registered with the SFC. Define SFC Code of Conduct. Define SFC’s Code of Conduct. Almost 500 of our 850 employees are co-owners. On 12 December 2018, Hong Kong’s securities regulator, the Securities and Futures Commission (SFC) issued its consultation conclusions on amendments to the Hong Kong code of conduct for Persons Licensed by or Registered with the Securities and Futures Commission (Hong Kong Code of Conduct) to:introduce new requirements on over-the-counter (OTC) … As with many regulatory change projects, implementation is no longer “the end” of the road; rather, it is a beginning of sorts for Hong Kong’s fund management community. CONDUCT GUIDELINES: No obscene or abusive language, behavior or signs . 3. History. The Model Code for members was first introduced in 2002 and has now been revised in December 2013 following consultation and the approval of the Scottish Parliament. Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission (“Code of Conduct”) This FAQ aims to provide guidance on application of paragraphs 8.3 (b) (ii), 8.3A (a) (iii) and 8.3A (b) of the Code. This is by far the biggest Island Conference! Securities and Futures Commission 54/F, One Island East 18 Westlands Road, Quarry Bay, Hong Kong About the SFC Regulatory functions Rules and standards Published resources News and announcements Career Search. The Code of Conduct does not prescribe a particular form of communication of the information to clients but licensed corporations should maintain adequate audit trails of the communication (such as documentation in the account opening form that such communication has been made). 1.3 The Act requires the Scottish Ministers to lay before Parliament a Code of Conduct for Councillors and a Model Code for Members of Devolved Public Bodies. Under the Securities and Futures Ordinance (SFO) (section 169), the SFC has specific power to publish codes of conduct for the purpose of giving guidance relating to the practices and standards with which intermediaries and their representatives are expected to comply. C. The conduct listed below constitutes grounds for disciplinary action. 3. SFC Code of Conduct The Code sets the requirements that a licensed or registered person is deemed “fit and proper” to remain licensed or registered SFC will be guided by the Code of Conduct in such assessment, having regard to the general principles, as well as the letter, of the Code Failure to comply with the Code may reflect adversely on the person’s fitness and … 29.2 – SFC’s Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission (Code of Conduct) 29.3 – SFC’s Corporate Finance Adviser Code of Conduct (the CFA Code) 29.4 – Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (The Listing Rules) The SFC will introduce risk mitigation requirements for non-centrally cleared OTC derivatives as conduct requirements on LCs to be included in a new Schedule 10 to the Code of Conduct. In order to ensure compliance with the notification requirement of Paragraph 12.5 of the Code of Conduct, the SFC recommends that all intermediaries should review their incident escalation and reporting mechanisms and implement appropriate controls. The Commission will be guided by this Code of Conduct (“the Code”) in considering whether a licensed or registered person satisfies the requirement that it is fit and proper to remain licensed or registered, and in that context, will have regard to the general principles, as well as the letter, of the Code. In addition to the prohibited conduct listed below, the College may, from time to time, promulgate regulations or policies that pertain to specific situations. SFC conducted a thematic review of Algo trading . 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