Compliance, Legislative & Regulatory Standards

[In-person] Mastering Financial Resources Rules (FRR) with Practical Skills

Overview

This course introduces the key rationale, elements and regulations in the Financial Resources Rules (FRR) under the Securities and Futures Ordinance (SFO). Emphasis will be placed on the computation and definition of major items in the FRR.

Content Highlight

1. Overview of FRR
2. Risks addressed by FRR
3. Share Capital and liquid capital requirements by FRR
4. Computation Basis of FRR
5. Notification and submission requirements
6. Overview of the Forms in FRR returns
7. Mini case study of FRR computations
8. Practical issues on capital utilisation and FRR compliance etc.

Who Should Attend

This course is targeted to those who need to prepare or review FRR returns for licensed corporations, including ROs and MICs of Finance and Accounting, compliance officers, risk managers, and other legal and financial services industry professionals.

Instructor / Speaker

Leo Wong, a Certified Public Accountant (CPA) and Financial Risk Manager (FRM), brings a wealth of experience to his role as Vice President (COO) of aiM Group. He started his career at PricewaterhouseCoopers Hong Kong, focusing on auditing, risk management, and compliance in the Financial Industry. Prior to joining aiM Group, Leo served as Head of Compliance for an SFC-licensed securities broker and asset management firm. At aiM Group, he oversees different functions in Aim Capital Consortium Limited, an SFC-licensed asset management firm with licenses of Regulated Activities of Type 4 and 9, leveraging his diverse range of buy-side and sell-side experience.
Over the course of career, Cyrus has served in the audit profession for more than 17 years. He has extensive experience in financial services industry audits and IPOs in Mainland China and Hong Kong. His practice focuses on providing assurance services to clients in the financial services industry, including retail banks, SFC licensed corporations, as well as investment funds.

His leadership and execution of two IPO projects for Mainland Chinese banks listed on the HKEx have been successful. Based on his experience in auditing, he is well versed in the regulatory reporting and compliance requirements of the Hong Kong Monetary Authority and the SFC.

Also, Cyrus currently serves as a member of the Banking Regulatory Advisory Panel at the HKICPA.

Administrative Details

Code
TPRCR24003005
Date & Time
Wednesday, 25 Sep 2024 (06:30 PM - 09:30 PM)
Friday, 27 Sep 2024 (06:30 PM - 09:30 PM)
Venue
HKSI Institute, 17/F, Cambridge House, Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong
Relevant Subject
Type 1 - Dealing in securities
Type 2 - Dealing in futures contracts
Type 3 - Leveraged foreign exchange trading
Type 4 - Advising on securities
Type 5 - Advising on futures contracts
...More
Language
Trad. Chi / Cantonese
Hours
SFC:6.00, PWMA:6.00
Fees
Back Enrolment Closed