On 5 February 2020, the Securities and Futures Commission (the "SFC") released a circular acknowledging the disruptions caused by COVID-19 to licensed corporations ("LC"), which we have discussed in our previous article. Since then, the SFC has issued various new guidance, including:
- FAQ: Licensing related matters in light of the COVID-19 pandemic
- Circular to intermediaries - Extended deadlines for implementation of regulatory expectations and reminder of order recording requirements under COVID-19 pandemic
- Circular to management companies and trustees and custodians of SFC-authorized funds
- Circular to Intermediaries - Reminder of important obligations to ensure suitability and timely dissemination of information to clients
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