Published: 29th June 2017

Of Relevance to:
Hong Kong Licensed Firms


A reminder that the SFC’s rules for the Manager-in-Charge requirements (“MIC Rules”) came into effect on 18 April 2017, with the need for Licensed Corporations to submit certain information to the SFC about their MICs and organisation structure by 17 July 2017. A reminder that the SFC’s rules for the Manager-in-Charge requirements (“MIC Rules”) came into effect on 18 April 2017, with the need for Licensed Corporations to submit certain information to the SFC about their MICs and organisation structure by 17 July 2017.

In brief, the MIC Rules set out eight core functions (“MIC Functions”) which require specific designation to the SFC of an individual for the management of such functions.  On the face of it, the concept would appear to be similar to the UK’s Senior Managers and Certification Regime.

For further information on the MIC Rules and the steps that should be taken by Licensed Corporations please use the link to the full article provided below.

Key dates
17 July 2017: Licensed Corporations must submit their MIC information and the organisation chart via the SFC Online Portal before this date

How can we help?
Complyport has a Hong Kong office with 7 staff, including its principal who is a US-trained capital markets lawyer, and has worked establishing compliance programmes and providing on-going compliance advice to financial institutions in Hong Kong since 1996.

To find out more about how we can help with your Hong Kong compliance requirements, please contact your usual consultant or email us at info@complyport.co.uk.

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