On 2 September 2014, the SFC held its first ever Supervisory Briefing Session (“Session”) to share with market participants their major findings and observations emanating from recent inspections of the equities and FICC (Fixed Income, Commodity, Currencies) businesses. The main speakers at the Session were Mr Ashley Alder (CEO of SFC), Mr James Shipton (Executive Director of SFC and Head of the Intermediaries Division), Mr Mark Stewart (Executive Director of SFC and Head of Enforcement Division) and Mr Stephen Po (Senior Director of Intermediaries Supervision). The Session was attended by over 200 participants, including representatives from investment banks, licensed firms, and regulatory practice advisers. Our Hong Kong team's bulletin provides a summary of what we believe are the key points raised during the briefing, including enforcement trends and key areas of focus for inspections. It does not constitute an exhaustive account of the matters discussed and has not been endorsed by the SFC.
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