SFC Circular to Prime Brokers – Risk, Rules and Reward

The Securities and Futures Commission has put out a circular to intermediaries conducting prime services and related equity derivatives activities, accompanied by a report on the thematic review which the SFC carried out on the topic, with an annex which provides a summary of the standards of conduct and internal controls the SFC expects in this area.

Read our briefing which highlights some key recurring SFC themes of wider application, as well some specific points which prime brokers should look at.