APAC Fund Manager Briefing: Managing complexities when dually registered with the MAS and the HK SFC, as well as US regulatory requirements

Singapore Hong Kong Other Markets Regulation

AIMA SINGAPORE invites you to join us on 7 June, our first fund manager briefing held both in-person as well as virtual.

Kroll has seen a significant uptick in dual-registered alternative asset managers throughout 2021 and into 2022. By building efficient and effective global frameworks for their clients, the Kroll teams across Hong Kong (HK) and Singapore (SG) have advised their clients in streamlining their global compliance program while simultaneously adding value to each overall business.  

During the session, the Kroll team will run through various topics, including recent and relevant examples, day-to-day insights, real-world do’s and don’ts as well as best practices for fund managers operating (or seeking to operate) under both the MAS and HK SFC regulatory regimes (while also including certain US related regulatory matters). 

Topics to be covered:

  • Overview of comparable licenses: HK Type 9 vs CMSL vs US RIA / ERA & CFTC CPO/Exempt CPO
  • Comparisons between MAS and HK SFC regulatory regimes (and where relevant US related)
  • Professional investor vs accredited/institutional investor
  • Designing and operating an effective and compliant IAC/MIC framework
  • Considerations when sub-managing assets in SG vs HK
  • Understanding the differences across AML & KYC
  • ERM/ESG Overview
  • Best execution (critical including US related best practices and requirements as the most stringent of all regulatory programs)
  • Key personnel (professional experience, regulatory references, fitness and propriety, etc.)
  • Annual surveys and related filings (similar data requirements)
  • Definition of AUM (pragmatic considerations beyond such MAS surveys)
  • Internal audit / Compliance review / Self-examination requirements and expectations for MAS, HK SFC, US SEC and CFTC/NFA
  • Best practices/lessons learned from regulatory inspections across multi-jurisdictions over the last two years

Speakers:

  • Lee Kwang Teo, Head of Singapore, AIMA
  • Aaron Weiss, Managing Director, Kroll Singapore and Hong Kong
  • Alasdair Putt, Director, Kroll Hong Kong
  • Justin Ong, Director, Kroll Singapore
  • Kyle Larson, Vice President, Kroll Singapore       
  • Nikita Nandakumar, Vice President, Kroll Hong Kong

Please note registration is now closed. These sessions are open to fund managers only, should you meet this requirement and would like a copy of the replay, please email here.  

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