This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our PRIVACY POLICY for more information on the cookies we use and how to delete or block them.

Compliance With The SFC Manager-In-Charge Regime

15 June 2017

On 16 December 2016, the Securities and Futures Commission (SFC) issued a Circular, two Annexes and a Frequently Asked Questions (FAQs) (the “Circular”) aimed at augmenting the accountability of senior management of licensed corporations and introducing a new ‘Manager-in-Charge’ of Core Functions (MIC) regime. This circular is particularly important to an individual who has been, or will be appointed by the Licensed Corporations (LCs) as the MIC and he/she is not the Responsible Officers (ROs) of the LCs.