HKMA issues guidance on Management Accountability at Registered Institutions

On 16 October 2017, the Hong Kong Monetary Authority (“HKMA”) issued a Circular, a set of Frequently Asked Questions (“FAQs”) and an Appendix (together the “Guidance”) setting out its expectations in relation to management accountability at Registered Institutions (“RIs”) for conducting or supervising the conduct of businesses that constitute regulated activities (“RAs”).

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