| Asia | Publications
NEWSLETTER: While the recent, global IT outages are already feeling like a distant memory, the reminder of what can go wrong when operational risks emerge continues to linger. Our global article on the responsibility of Boards when managing technology-related risks makes for essential reading, with some great practical tips.
In Hong Kong, the SFC circular on Financial Resource Return expectations puts governance and internal control standards firmly on the agenda and acts as a helpful reminder of expectations you can measure yourself against. Meanwhile, regulators continue enforcement activity, focusing on insider trading, ramp-and-dump schemes.
Over in Singapore, following the repeal of the RFMC regime, firms successful in the application process are now operating as Licensed Fund Management Companies. Navigating the application is only the beginning though, and with new compliance obligations and reporting requirements to adjust to, the team have put together a helpful reminder of some of the pressing returns expected by the MAS.
As always, do let us know if we can help and support.
Rebecca Thorpe, Global Head of Regulatory Consulting and Aron Brown, Global Head of Regulatory & Compliance
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