The Financial Conduct Authority (FCA) has publicly censured Mohammad Ataur Rahman Prodhan, the former Chief Executive Officer of Sonali Bank (UK) Limited (SBUK) for anti-money laundering (AML) failings.
By a communique dated 9 June 2022, the Financial Services Commission indicated that it has amended its Competency Standards issued under Section 7(a)(a) of the Financial Services Act 2007.
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Second Chances? What the Neil Woodford Matter Tells Us about the FCA Fit & Proper Test | Cohen & Gresser LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
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Traditionally, for Hong Kong based managers, the preferred hedge
fund structure has tended to be an offshore company, typically
domiciled in the Cayman Islands. Recent enhancements to Hong
Kong s open-ended fund company
(
OFC ) regime in September 2020 as well
as an increasing number of challenges arising from changes in the
Cayman Islands, however, make an OFC a compelling alternative for
hedge funds.
There are a number of key advantages for a Hong Kong hedge fund
manager in using a Hong Kong OFC compared to using an exempted