Compliance

[Webinar] Financial Resources Management Best Practices & Effective Application

Overview

The SFC has recently published a circular highlighting common areas of weaknesses in relation to the Financial Resources Rules (“FRR”) reporting and related controls. These weaknesses reflect the importance of establishing proper governance, controls and procedures in the liquid capital management process, which should be supported by sound accounting practice and sufficient knowledge and experience in these areas within licensed corporations (“LCs”).

Content Highlight

This session will focus on the governance and control aspects of liquid capital management, incorporating learnings from the July 2024 SFC circular. Topics that will be covered include:

• Governance and oversight on liquid capital management

• Good practices in liquid capital management and monitoring

• Working with auditors in FRR compliance

• Reminders on FRR calculations and treatments

Who Should Attend

ROs and MICs (esp. MICs of Overall Management oversight, Finance and Accounting, Compliance, and Risk Management) of licensed corporations, compliance officers, risk managers, and other legal and financial services industry professionals.

Instructor / Speaker

Michael is a Partner with PwC Hong Kong and has diverse experience working with global financial institutions. He has broad experience executing risk and regulatory engagements for large financial institutions, including regulatory driven appointments mandated by the HKMA and the SFC. He also has deep knowledge of financial markets, retail and commercial banking and wealth management businesses through a range of audit and consulting work.
Keith is a Partner at PwC Hong Kong specialising in the Capital Markets and Asset and Wealth Management industry with over 20 years of professional experience in auditing and advising brokerage firms, investment managers and fund service providers in the area of regulatory compliance. Keith is PwC’s technical expert in auditing SFC licensed corporations within the Financial Services Group in Hong Kong and was a member of the Securities Regulatory Advisory Panel of HKICPA and Drafting Team for PN 820 The Audit of Licensed Corporations and Associated Entities of Intermediaries. Keith has worked on a number of regulatory projects to advise clients on regulatory matters, covering areas such as the Client Money Rules and the Financial Resources Rules. Keith also provides regulatory training to his clients on latest regulatory matters.
Jacqueline is a Senior Manager within the Financial Services Risk and Regulations team in PwC Hong Kong, specialising in consulting and audit for global and local banks, and with experience working with licensed corporations. She has extensive experience over reviews of control processes and regulatory matters for banks and regulators, such as the HKMA and the SFC. She has a wide range of experience leading regulator- and client-driven reviews in the banking and securities and futures space. Her experiences include leading a number of SFC-driven, large-scale industry-wide reviews, and audits of commercial and international banks.

Administrative Details

Code
TSBCO24002001
Date & Time
Tuesday, 15 Oct 2024 (12:20 PM - 01:20 PM)
Venue
Virtual Platform
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
English
Hours
SFC:1.00, PWMA:1.00
Fees
Back Enrolment Closed