A circular issued yesterday by the Securities and Futures Commission (SFC) regarding the misuse of private funds and discretionary accounts is in line with the regulator’s focus on refining the regulation of asset managers to improve transparency, lawyers say. “The circular is a further example of the SFC’s wider focus on the regulation of asset managers and, in particular, a…
SFC circular on misuse of private and discretionary funds in line with transparency drive, lawyers say
