What are Regular On-Site Inspections?
Regular on-site inspections are non-thematic periodic inspections conducted by the SFC. The SFC selects corporations based on risk, with newer licensed corporations and licensed corporations whose returns suggest a profile different from their peer group being regarded as higher risk.
Show Video TranscriptQuick Facts
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
Regular On-Site Inspections
The SFC conducts regular on-site inspections of licensed entities to ensure compliance with regulatory requirements.
These inspections can be comprehensive.
Factors that influence this assessment include:
Scale
Complexity of the business
Types of products offered
Clientele base
This approach allows the SFC to allocate resources effectively and address potential risks proactively.