Securities and Futures (Licensing And Conduct Of Business) Regulations
Sets out requirements for licensing, representative notification and conduct of business, and criteria for exemptions from licensing.
These guidelines apply to banks, merchant banks and finance companies which deal in capital markets products that are OTC derivatives and not centrally cleared by a clearing house.
They set out guidance on policies and procedures that the financial institution should put in place to govern the relationship with its counterparty in relation to: