Regulation and Compliance

Helping clients comply with complex financial services industry regulation.

We help our clients meet complex regulatory requirements in a cost-effective manner through a deep understanding of financial services regulators and institutions covering banking, insurance, asset management and capital market sectors. Our key regulation and compliance service offerings are the following: 

Governance, Risk Management, Conduct and Compliance

We work with our clients to make sure that their governance, compliance, risk management and conduct frameworks are fully compliant with regulatory requirements and expectations. Examples include:

  • Design of new frameworks, controls, policies and procedures
  • Independent reviews of existing frameworks, with gap analysis and recommendations for improvement
  • Support on implementation of new controls and processes. 

Remediation of Regulatory Incidents or Breaches

We advise our clients on how to respond to regulatory incidents and breaches and take action to improve internal systems and processes. Examples include:

  • Advice on regulatory notification requirements and protocols
  • Advice on communications strategy
  • Root cause and impact analysis
  • Recommendations to enhance governance, controls, and risk prevention and detection systems

Regulatory Compliance Services

We provide a comprehensive suite of services designed to meet the end-to-end compliance needs of our clients. Examples include:

  • Evaluation of the effectiveness and adequacy of compliance risk management frameworks
  • Development of compliance assessments and monitoring and reporting tools, such as regulatory inventory and compliance obligations register
  • Mock inspections and compliance “health-checks”
  • Preparation or enhancement of compliance policies and documentation
  • Compliance due diligence for acquisitions or new service providers
  • Impact assessments in relation to new regulations 

Licensing, Authorization, and New Business Establishment

We help a wide range of financial services business across the banking, insurance, asset management and capital market sectors meet the authorisation and licensing requirements to establish new businesses or enter new markets in Asia. Examples include:

  • Advice and assistance on the license application process
  • Development of policies and procedures to meet licensing and ongoing regulatory requirements

Documents

August 2020 - Concurrent SFC-HKMA Thematic Review

August 2020 - Concurrent SFC-HKMA Thematic Review

August 2020 - Application for a banking licence with the HKMA

August 2020 - Application for a banking licence with the HKMA

August 2020 - Investment product selling practices

August 2020 - Investment product selling practices

Nov 2020 - Preparation for regulators' on-site inspections and reviews

Nov 2020 - Preparation for regulators' on-site inspections and reviews