Clarifications on the requirements under the Exemption Frameworks for cross-border business arrangements of capital markets intermediaries involving Foreign Related Corporations and Foreign Offices.
Notice SFA 04-N17 on Requirements in relation to Cross-Border Arrangements under the Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021
This notice applies to
- Capital markets services licensees (excluding venture capital fund managers);
- Exempt futures brokers and exempt over-the-counter derivatives brokers; and
- Banks, merchant banks, finance companies and insurers
that have entered into cross-border arrangements with their FRCs to conduct regulated activities under the SFA.
It sets out the ongoing requirements for these Specified Regulated Entities which serve to mitigate the risks from cross-border arrangements with their FRCs.
There are no amendment notes for this notice.