LICENSING
We help financial institutions apply for the right licenses and permissions in the jurisdictions they operate with a focus in Hong Kong, Singapore and Mainland China. Our team has extensive experience in dealing with financial regulators and exchanges in the region. Our partners have completed more than 200 corporate applications and projects for our clients in Hong Kong, Singapore and Mainland China.
Our team can:
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Help evaluate qualifications of Responsible Officer/Directors/CEO candidates
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Advise on shareholding and organizational structures to ensure they meet regulatory expectations
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Liaise with the local regulators and help answer questions on behalf of client
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Negotiate licensing conditions with the regulators
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Provide account opening forms templates
ONGOING SUPPORT
Obtaining a license is never the end. Financial services firms always need to meet certain requirements so as to discharge their obligations as licensed firms. We provide support to our clients in meeting their regulatory obligations and advise them on how to achieve compliance with cost-effective and efficient ways.
Our team can:
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Build a compliance calendar to track and remind our clients the upcoming compliance obligations
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Provide ad-hoc compliance advice and support
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Assist in reviewing and calculating financial resources and liquid/base capital
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Update compliance policies and procedures in response to the latest regulation changes
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Review marketing and client onboarding materials
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File notifications and licensing applications for staff
POLICIES AND PROCEUDRES
We deeply understand the dynamic change of laws and regulations, as well as the growth and expansion of our clients' businesses. We help our clients update their regulaotry business plan, compliance policies and procedures from time to time to ensure they are always up-to-date.
Our team can draft and update the follow types of policies and procedures for financial services firms:
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Compliance Manual
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Procedural Manual for investments and trading
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Operational Manual
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Risk Mangement Policy
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Staff Policy and Code of Ethics
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Business Contingency Plan
TRAINING
Our partners and trainers are experienced in providing training on popular topics in the financial industry, including regulatory compliance, business laws in Hong Kong, BVI and Cayman Islands, risk management, accounting and taxation, and financial products.
For compliance training, we usually cover the following topics:
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AML and CDD
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Market Misconduct and Insider Dealing
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Conflicts of Interest and Disclosure
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Responsibilities and Obligations of Senior Management
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Sales and Marketing Practices
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Gift and Entertainment Policies
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Staff Dealing
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Internal Control and Corporate Governance
For investment and trust training, we usually cover the following topics:
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Investment Products Structure and Trading Practices
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Portfolio Management
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Application of Trusts and Succession Planning
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Licensing Examination and other professional examinations
ACCOUNTING, TAX AND CORPORATE SERVICES
We can assist our clients who are interested in outsourcing their day-to-day administrative, finance and accounting functions. We partner with professional accounting and corporate services firms in Hong Kong, and together we strive to provide a one-stop solution for their financial control and reporting, as well as fulfilling their regulatory responsiblities. We will ensure that our partners possess sufficient qualified experience and skills in their profession to serve our clients, and communicate with our clients in an efficient manner.