FINRA and SFC Sign MoU amid Decline for Banker’s Expat Perks in Hong Kong

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FINRA and SFC Sign MoU amid Decline for Banker’s Expat Perks in Hong Kong

Postby kreslik.news » Thu May 19, 2016 9:58 am


The Financial Industry Regulatory Authority (FINRA), a United States (U.S.) non-government self-regulatory organization (SRO), has entered into a memorandum of understanding (MoU) with Hong Kong’s Securities and Futures Commission (SFC), in order to enhance mutual oversight of cross-border regulated entities, as per an SFC announcement.

The MoU came into effect on May 9th, 2016, and aims to improve the supervision and oversight of regulated entities that operate on a cross-border basis in the US and Hong Kong, and covers financial services companies that are regulated either by the SFC or FINRA. The news comes barely a week after read more)

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