SFC cautions deficiencies and misconduct in asset management practices
By EsqSocial Corporation 10/01/25
On 9 October 2024, the Securities and Futures Commission (the “SFC”) issued a circular (the “Circular”) highlighting deficiencies and substandard conduct observed during its supervision of licensed corporations engaged in managing private funds and discretionary accounts. The Circular outlines four key areas of concerns, being (i) conflicts of interest; (ii) risk management and investment within mandate; (iii) information for investments; and (iv) valuation methodologies, which will be further...
By: Hogan Lovells