{"id":7067,"date":"2023-08-30T09:41:33","date_gmt":"2023-08-30T01:41:33","guid":{"rendered":"https:\/\/www.pwma.org.hk\/?post_type=events&#038;p=7067"},"modified":"2023-08-30T09:41:33","modified_gmt":"2023-08-30T01:41:33","slug":"hkma-sfc-joint-circular-on-spis-what-does-it-mean-to-financial-institutions","status":"publish","type":"events","link":"https:\/\/www.pwma.org.hk\/tc\/events\/hkma-sfc-joint-circular-on-spis-what-does-it-mean-to-financial-institutions\/","title":{"rendered":"HKMA &amp; SFC Joint Circular on SPIs: What does it mean to financial institutions?"},"content":{"rendered":"\n<p>The joint circular released on 28 July 2023 by the\u00a0Hong Kong Monetary Authority (HKMA)\u00a0and the\u00a0Securities and Futures Commission (SFC)\u00a0is a much anticipated and welcomed development in the ongoing effort to secure Hong Kong\u2019s place as a pre-eminent global wealth management centre.<\/p>\n\n\n\n<p>It was standing room only at\u00a0PWMA\u2019s event on Monday, featuring speakers from both regulators joining a deep dive into the streamlined approach for compliance with suitability obligations when dealing with Sophisticated Professional Investors (SPIs) who have sufficient capital and knowledge or experience.<\/p>\n\n\n\n<p>After\u00a0Clara Hackney\u00a0and\u00a0Natalie Lam\u00a0from\u00a0Linklaters\u00a0provided an overview of the new SPI regime, our panel of speakers, including Lawrence Cheung, Alan Au and Kevin Sham from the HKMA, and Iris Chow and\u00a0Kenneth Choi\u00a0from the SFC along with PWMA\u2019s\u00a0Peter Stein\u00a0as the moderator, patiently answered questions for the remainder of the 1.5 hours on how the new SPI framework should be understood and applied.\u00a0The importance of this topic was evidenced by a full house of over 150 in-person attendees and 100 attendees through Zoom.<\/p>\n\n\n\n<p>Thank you to\u00a0Credit Suisse\u00a0for hosting us in your Auditorium for this event!<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.pwma.org.hk\/wp-content\/uploads\/2023\/08\/1.jpeg\" alt=\"\" class=\"wp-image-7068\" width=\"601\" height=\"451\"\/><\/figure><\/div>\n\n\n<figure class=\"is-layout-flex wp-block-gallery-1 wp-block-gallery has-nested-images columns-default is-cropped\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"4032\" height=\"3024\" data-id=\"7070\"  src=\"https:\/\/www.pwma.org.hk\/wp-content\/uploads\/2023\/08\/2-1.jpg\" alt=\"\" class=\"wp-image-7070\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"4032\" height=\"3024\" data-id=\"7072\"  src=\"https:\/\/www.pwma.org.hk\/wp-content\/uploads\/2023\/08\/3.jpg\" alt=\"\" class=\"wp-image-7072\"\/><\/figure>\n<\/figure>\n","protected":false},"featured_media":0,"template":"","acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.pwma.org.hk\/tc\/wp-json\/wp\/v2\/events\/7067"}],"collection":[{"href":"https:\/\/www.pwma.org.hk\/tc\/wp-json\/wp\/v2\/events"}],"about":[{"href":"https:\/\/www.pwma.org.hk\/tc\/wp-json\/wp\/v2\/types\/events"}],"wp:attachment":[{"href":"https:\/\/www.pwma.org.hk\/tc\/wp-json\/wp\/v2\/media?parent=7067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}