15 January 2010
The Chief Executive
All Registered Institutions
Dear Sir / Madam,
I am writing to draw your attention to a circular issued by the SFC on 14 January 2010 ("the SFC Circular"). The SFC Circular reminds intermediaries of the need for prudent risk management and compliance with applicable requirements set out in the conditions that the SFC is imposing on the listing of the Company.
A copy of the SFC Circular is enclosed at Annex. Registered institutions which provide margin financing or place the offer shares of the Company should put in place adequate systems and procedures so as to ensure all the requirements set out in the SFC Circular are fulfilled.
Executive Director (Banking Supervision)
Encl. Annex (PDF file, 42KB)
c.c. SFC (Attn: Mr Stephen Po, Senior Director of Intermediaries Supervision)