What is Mandatory Reporting and Disclosure?
Mandatory reporting and disclosure is the process by which SFC licensed corporations must file returns with the SFC. The SFC uses these returns to generate a profile of each licensed corporation which can then be compared to its benchmark data to identify outliers generally or in respect of specific matters which are the subject of the returns.
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SFC Licensed Corporations in Hong Kong
Spotlight on Intermediary Supervision
Did You Know…
4 Facts Regarding Intermediary Supervision
Risk-Based Supervision Approach
Regular On-Site Inspections
Mandatory Reporting
Fit & Proper Requirement
Mandatory Reporting and Disclosures
SFC licensed intermediaries are subject to stringent reporting and disclosure obligations.
SFC licensed corporations must submit:
Audited accounts
Report any significant incidents that could impact their financial stability or compliance status.
Details to be reported:
Any breaches of legal or regulatory requirements
Or financial difficulties
Significant changes in its business operations or control structures.