Define SFC Code of Conduct. All employees (including directors and office bearers), members, and their guests must comply with the code of conduct of Schofields Flying Club Limited and its associated entities as follows: 1. The 18 November 2018 deadline has now passed for the SFC (Securities and Futures Commission) Fund Manager Code of Conduct (FMCC). Intermediaries should include the New Clause in the client agreements unless they are entitled to exemptions as explained in paragraphs 35 and 36 of the Consultation Conclusions. of the codes. Now, the SFC has decided that paragraph 1.4 will be deleted, meaning that fund managers must comply both with the Code of Conduct and the FMCC. Since adoption in 2016, the Code of Conduct is delivering continuous progress: the last evaluation shows that on average the companies are now assessing 90% of flagged content within 24 hours and 71% of the content deemed illegal hate speech is removed. 3. The remote onboarding of clients by SFC licensed intermediaries is facilitated by amendments to paragraph 5.1 of the Securities and Futures Commission’s (SFC) Code of Conduct for Persons Licensed by or Registered with the SFC (SFC Code of Conduct) which took effect on … Law Soc: 1 CPD . 29.2 – SFC’s Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission (Code of Conduct) 29.3 – SFC’s Corporate Finance Adviser Code of Conduct (the CFA Code) 29.4 – Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (The Listing Rules) CONDUCT GUIDELINES: No obscene or abusive language, behavior or signs . Avoid conduct that will reflect adversely on the club or the aviation industry; 2. While the SFC has several sets of guidelines governing how banks and brokers handle transactions, it is seeking to frame a detailed code of conduct for … Email enquiry@sfc.hk, Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission, Code on Immigration-Linked Investment Schemes, Corporate Finance Adviser Code of Conduct, The Codes on Takeovers and Mergers and Share Buy-backs, We use cookies to improve the website performance and user experience. As with many regulatory change projects, implementation is no longer “the end” of the road, rather, it is a beginning of sorts. The Enhanced Suitability Proposal will be implemented through changes to the Code of Conduct for Persons Licensed by or Registered with the SFC (“Code of Conduct”) and will take effect on April 6, 2019. SFC Code of Conduct The Code sets the requirements that a licensed or registered person is deemed “fit and proper” to remain licensed or registered SFC will be guided by the Code of Conduct in such assessment, having regard to the general principles, as well as the letter, of the Code Failure to comply with the Code may reflect adversely on the person’s fitness and … Define SFC’s Code of Conduct. While the SFC has several sets of guidelines governing how banks and brokers handle transactions, it is seeking to frame a detailed code of conduct for … Email enquiry@sfc.hk, We use cookies to improve the website performance and user experience. 2.1.1 A sponsor should deal with the regulators in a truthful, cooperative and prompt manner. 3. Under Part I of Schedule 10, the specified risk mitigation requirements will apply to: Without prejudice and in addition to any other provisions of the General Terms and Conditions of Business and … Q1: Should the authorization status (that is, whether or not the product or offering document has been authorized by the Commission) form part of the “relevant material information” which is required to be disclosed to the clients by the licensed or registered persons under the Code of Conduct? 06 December 2011, Investment Funds, Newsletter by Jane McBride. 1.3 The Act requires the Scottish Ministers to lay before Parliament a Code of Conduct for Councillors and a Model Code for Members of Devolved Public Bodies. Expand all Collapse all. Define SFC’s Code of Conduct. As such, all intermediaries that provide discretionary investment management services to their clients and enter into agreements with them, such as IMAs, should include the New Clause in the agreements unless they are entitled to the exemptions. Historically, the requirement to ensure suitability was triggered where an intermediary recommended or solicited a transaction. The Code of Conduct does not prescribe a particular form of communication of the information to clients but licensed corporations should maintain adequate audit trails of the communication (such as documentation in the account opening form that such communication has been made). The SFC Code of Conduct provides a framework to drive continuous improvement in health and safety and product stewardship. Prohibited conduct includes, but is … the Code of Conduct for Persons Licensed by or Registered with the SFC (Code of Conduct), which will take effect on 17 August 2018; and the Fund Manager Code of Conduct (FMCC), which will take effect on 17 November 2018. It applies to anyone licensed by or registered with the SFC to carry out asset management activities in Hong Kong. If you continue to use this website, you are agreeing to their uses. In addition to the prohibited conduct listed below, the College may, from time to time, promulgate regulations or policies that pertain to specific situations. Historically, the requirement to ensure suitability was triggered where an intermediary recommended or solicited a transaction. 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