Overview
On 24 January 2024, the People’s Bank of China published the revised “Implementation Arrangements for the Cross-boundary WMC Pilot Scheme in the GBA” (“Implementation Rules”) to enhance the Cross-boundary WMC Pilot Scheme in the GBA (“WMC 2.0”). As part of WMC 2.0, eligible licensed corporations (“LCs”) are allowed to offer cross-boundary wealth management services in the GBA, and wider choice investment products are available. In this connection, the Securities and Futures Commission (“SFC”) has also issued a set of guidance and FAQ for LCs which wish to participate in WMC 2.0.
Content Highlight
1. Key Features of WMC 2.0
2. Business processes and operational controls implementation considerations
3. Systems and IT infrastructure related implementation considerations
4. Current market landscape
Who Should Attend
The webinar is primarily targeted at investment advisors, fund managers, in-house counsel & compliance, senior management such as Responsible officers, Managers-in-Charge, directors, CIOs, COOs, CEOs of financial institutions and LCs who would like to have a better understanding of the latest developments and potential of the wealth management scheme.
Instructor / Speaker
Adams has provided consulting services to many banking institutions and assisted them in launching the Cross-Boundary WMC business (both southbound and northbound).
Gary's areas of expertise and experience include business process and application controls, IT systems and operational procedures implementation, e-banking/e-trading/e-payment, virtual bank and fintech, cyber security and data protection, corporate governance, operations and technology outsourcing, regulatory compliance and reporting, testing management, due diligence and process integration, business continuity and resilience management. Gary has provided consulting services to the banks during their implementation of GBA Cross-Boundary WMC business.
He is a regular speaker for technology risk, Fintech and GBA related industry forums, seminars and training events.
She specialised in regulatory advisory services covering corporate governance, internal control design effectiveness and operating effectiveness. She provided rich experience in the launch of new business to support client in building of policies and procedures, review the processes and controls in accordance with regulatory requirements. Yuri has provided consulting services to the banking institutions for the implementation of Cross-Boundary WMC business.
Administrative Details
Type 9 - Asset management
Regulatory Compliance