2024 Frr submission sfc

Frr submission sfc

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August undefined, 2024

WebJun 26, 2024 · The electronic submission of financial returns will migrate to WINGS after the enhancements which will provide additional benefits for LCs and increase operational efficiency. Should you have any questions regarding the contents of this circular, please contact your case officer-in-charge. Intermediaries Supervision Department … WebThe SFC would send a letter to the applicant formally accepting the application following a preliminary review of materials received; quite often however, it may require submission …

e-Distribution - SFC

WebSep 3, 2024 · The minimum liquid capital is as follows: Note 1 – Where a corporation holding an SFC Type 1, 2 or 3 license is approved as an introducing agent or trader or futures non-clearing dealer, liquid capital requirements are HK$500,000 for SFC License Types 1 and 2 and HK$3,000,000 for SFC License Type 3. WebLCs choosing Mode A to access the e-FRR System for electronic submission of financial returns will need to: - apply for RO and/or AS an SFC e-Certificate through the SFC. Two SFC e-Certificates will generally be issued to each LC (Please refer to the SFC e-Certificate Application Form for the terms and conditions); hub international canada head office

Financial & Regulatory Reporting: Submission Deadlines

WebNov 24, 2024 · Licensed firms will need to assess the competence of individuals applying to be licensed with the SFC based on the new standards. In terms of CPT requirements, a minimum of 10 CPT hours and 12 CPT hours will be required for licensed representatives and Responsible Officers respectively. Ethics and compliance is also brought to the … WebFootnotes. Reports must be submitted to the FRB on or before the stated due date, generally by 5 pm Central Time. The FR Y-6 is due to the FRB 90 calendar days after … WebComplianceOne Newsletter – January 2024In this month’snewsletter, we will talk about:1 Joint circular on hub international career opportunities

Ongoing compliance matters for a licensed corporation

WebMar 29, 2024 · Job Title: Job Responsibilities: Prepare monthly financial reports of companies and FRR of licensed corporations for SFC submission. Assist in monitoring project valuation for interim review and annual audit, ensuring that the valuation results are reasonably reflected in the financial statements. Prepare financial analysis and … WebPeriods (IPs) and each IP has individual FFR submission requirements. • Off-cycle Program Specific FFRs – Some grant programs have requirements for FFRs to be … hub international certificate holderWebJun 14, 2006 · The SFC will also abolish the ad hoc notification requirement on the amount of concentrated margin client adjustment made under the FRR for all SMF providers. This is reflected in section 6 of the Amendment Rules which repeals section 55(1)(h) of the FRR. The SFC has however decided to retain the concentrated margin client adjustment. hub international castlegar

"WebDec 17, 2024 · The Securities and Futures Commission (SFC) today published a revised version of the financial return form which is required to be submitted by licensed … " - Frr submission sfc

Frr submission sfc

Ongoing compliance matters for a licensed corporation

WebA mobile app for WINGS to support QR code login and access the WINGS Mail. New features will be added when more services are available. Visit Google Play or Apple App … WebJan 21, 2024 · The Securities and Futures Commission (SFC) reminds licensed corporations to use the revised financial return form 1 for submitting a return 2 in respect of any period …

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WebFeb 26, 2024 · During the period between the cessation date and licence revocation date, the LC will need to continue to comply with all ongoing obligations including submission of FRR returns, daily monitoring of liquid capital position, filing notifications, and seeking the SFC’s prior approval for certain changes (such as substantial shareholders, record ... Webfinancial soundness and prudential risks. Although there is no change proposed for the FRR, the SFC considers that it is necessary to revise the financial return forms for collecting …

WebAll licensed corporations regulated by the SFC are required to submit monthly or semi-annually financial resources returns through the SFC’s Electronic Submission of Financial Return (“eFRR”) system. Kroll provides support to firms to ensure they complete and return the required information in line with the SFC expectations. Preparation ... WebJul 7, 2024 · SFC reprimands and fines Mason Securities Limited $3.6 million for breaches of anti-money laundering regulatory requirement Dec 20, 2024 Launch of fully digitalised …

WebDec 17, 2024 · SFC Reported Cases for Compliance Failures under the Securities and Futures Ordinance: mid-December 2024 to mid-February 2024. The SFC has published updates on over ten disciplinary actions and related prosecutions between 17 December 2024 and 14 February 2024, including the following: [1] Individual/Entity. Conduct. … WebSep 1, 2024 · Introduction. On 24 July 2024, the Securities and Futures Commission ( SFC) published consultation conclusions [1] on the proposed regulatory capital regime for licensed corporations ( LCs) engaged in over-the-counter derivatives ( OTCD) activities and other proposed changes to the Securities and Futures (Financial Resources) Rules ( FRR ).

WebAug 27, 2024 · Licensed companies need to submit their FRR returns to the SFC using SFC e-Certificates which are issued to responsible officers. Do responsible officers …

Web WINGS hub international car insuranceWebJul 20, 2024 · On 26 June 2024, Hong Kong’s Securities and Futures Commission (SFC) issued a circular publishing in draft new versions of the financial return forms for SFC licensed corporations (LCs).The SFC is planning to revise the existing forms in order to collect additional data from LCs to “enable the SFC to identify risks in a timely manner, … hub international chathamWebDec 20, 2024 · A Gazette notice was published today to specify that, with effect from 1 February 2024, the electronic version of the revised form shall be used for submitting a … hogy soft plasticWebJun 8, 2010 · FRR files are used to store the settings for a particular magnification level within a fractal image. They are saved using XML formatting, and can be viewed with any … hub international carriersWebUnder the Securities and Futures (Financial Resources) Rules (“FRR”) (Cap. 571N of the Laws of Hong Kong), licensed corporations are expected to maintain its capital requirements at all times that they are licensed and this must be monitored closely. The submission to the SFC would normally include confirmation of compliance of the FRR in connection … hogy spreader barsWebCourse curriculum. 1. SFC Financial Related Returns & Filing and FRR Compliance Knowledge. Step 1: Watch the Training Video. Step 2: Take Online Assessment … hub international chetwyndWebFeb 23, 2024 · The Annual Business Risk Management Questionnaire for SFC regulated firms is due for submission at the same time as a regulated Firm’s Annual Report and Accounts (i.e. within 4 months of the firm’s financial year end). ... The new FRR requires you to divide the AUM in each category into strategy types (Hedge Fund, Private Equity, … hub international castlegar bc