This Handbook supersedes the Licensing Information Booklet which was last updated in 2013. We do not accept any responsibility whatsoever in respect of such Information.8.2 We do not guarantee or assume any responsibility that:8.2.1 the Information on the Website is accurate, adequate, current or reliable, or may be used for any purpose other than for general reference;8.2.2 the Information on the Website is free of defect, error, omission, virus or anything which may change, erase, add to or damage your software, data or equipment;8.2.3 messages sent through the internet will be free from interception, corruption or loss;8.2.4 access to the Website will be available or be uninterrupted; orIn no event shall we be liable to you or any other person for any direct, indirect, incidental, special, punitive or consequential damages, including any loss of business or profit, arising out of any use, or inability to use, the Information, even if we have been advised of the possibility of such damages.You will exercise and rely solely on your own skill and judgment in your use and interpretation of the Information. This Handbook supersedes the Licensing Information Booklet which was last updated in 2013.The new Licensing Handbook centralises information that was previously issued in FAQs, circulars, and the Licensing Information Booklet. These help us improve our services by providing analytical data on how users use this site.Consent (i) to the processing of your personal data for the purposes specified in our Study Support. a thorough refresh of the SFC’s Licensing Handbook, which now includes key aspects of the licensing-related guidance issued by the SFC since the publication of the previous Licensing Handbook in April 2017. In order to differentiate SFC Type 9 regulated activity from the regulated activities of advising on securities or futures contracts (Type 4 or Type 5 regulated activity), the SFC requires SFC-licensed asset managers to have full discretionary investment authority for the funds they manage (Paragraph 1.4.24 of the SFC Licensing Handbook).
This Handbook supersedes the Licensing Information Booklet which was last updated in 2013. Requests for access to or to correct personal data should be addressed to The Chief Operating Officer, Deacons. Source: The SFC Licencing Handbook –February 2019 The SFC provides the following estimate of application processing time. identification and verificationb. After that time, you data will be erased.Your personal data will generally be kept confidential and will not be disclosed to any other person without your consent. It records this activity against your email address.You may refuse the use of cookies or withdraw your consent at any time by selecting the appropriate settings on your browser. By continuing to use this website, you agree to the use of these cookies. The SFC published a Licensing Handbook on 21 April 2017 to enhance the public’s access to licensing information. As a result, as mentioned in our April newsletter (SFC licensing and compliance hints: seven takeaways from the new Licensing Handbook), with effect from 11 April 2019, all SFC notifications, whether individual or corporate, must be submitted electronically through the SFC Online Portal and the Form 5 can no longer be used. During the two-month transition period between 11 February and 11 April, both the old and the new licensing forms are acceptable for submission. The SFC will only approve ROs who have relevant experience and who have sufficient authority to supervise the business of regulated activities. However, if it involves recommending specific stocks to “students” or inducing them to trade securities, the training institution, trainer and/or website content provider may need to be licensed. If you do not want to receive our marketing materials, please send an email stating this to anders.fernstroem@deacons.com. client due diligence, i.e. (4) Extensions: Applications for extension of financial year-end or extension of deadline for submission of audited accounts should be submitted at least one month before the original year-end or deadline.
The SFC published a Licensing Handbook on 21 April 2017 to enhance the public’s access to licensing information. Commission (“SFC”) published an updated version of its Licensing Handbook. If you would like to discuss how to get a SFC license or have any questions on the SFC licensing process, please get in touch.SFC issued a new Licensing Handbook to provide easier access to licensing informationSEC highlights private fund manager exam deficiencies Your right of access to and to correct personal data You are entitled, in accordance with the Ordinance, to check whether we hold data about you and to have access to those data.
It also includes hyperlinks to different licensing-related guidelines and circulars to make it easier for the public to locate the relevant SFC publications.We believe the SFC is moving to the right direction by consolidating information from different sources, and addressing some of the common licensing-related questions. The new Licensing Handbook centralises information that was previously issued in FAQs, circulars, and the Licensing Information Booklet.