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CONTROL AND RISK MANAGEMENT QUESTIONNAIRE

By Stacy Henderson,2014-08-09 11:47
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CONTROL AND RISK MANAGEMENT QUESTIONNAIRE

    FORM

(Made for the purposes of compliance with the requirements of section 156(1)(a) of the Securities

    and Futures Ordinance (Cap.571) as amplified in section 3(3) of the Securities and Futures

    (Accounts and Audit) Rules (Cap.571P))

    SECURITIES AND FUTURES COMMISSION

    BUSINESS AND RISK MANAGEMENT QUESTIONNAIRE

    FOR ASSOCIATED ENTITY

Name of Associated Entity:

    (The Associated Entity”)

     Name of Intermediary:

    (“The Intermediary”)

Financial year ended:

Completed by:

Name: Position:

Phone No.:

Approved by:

Name: Position:

Phone No.:

    FOREWORD

    Associated Entities are required under the Securities and Futures (Accounts and Audit) Rules to complete a Business and Risk Management Questionnaire (“BRMQ”) and submit it within 4 months after the end of the financial year to the Securities and Futures Commission (“SFC”) together with their audited accounts. The BRMQ aims to obtain information about the business operation and risk management measures of the Associated Entity, including controls and procedures in ensuring compliance with the regulatory requirements applicable to the Associated Entity. The BRMQ may also be used as a self-assessment tool for the Associated Entity to understand its business operation and assess the relevant risk management measures and internal controls. The Associated Entity is expected to complete the questionnaire to the best of its knowledge in order to accurately reflect its own operations and controls.

    The SFC recognises that Associated Entities may adopt different policies and procedures given significant differences that exist in the nature and scope of their business activities, organizational and legal structures as well as degree of management supervision. Therefore, the questions in the BRMQ are not intended to imply, nor should be construed as, a single set of generally acceptable internal control or risk management practices.

    Space is provided in each section for the Associated Entity to supplement its answers with additional information. Please use additional sheets where required.

    Unless defined or the context requires otherwise, terms bear the same meanings given to them in the Securities and Futures Ordinance. If you have any question in relation to this questionnaire, please contact your responsible case officer in the Intermediaries Supervision Department.

Completed BRMQ should be submitted to:

     Intermediaries Supervision Department

     Securities and Futures Commission

     8th Floor, Chater House

     8 Connaught Road Central

     Hong Kong

    SECURITIES AND FUTURES COMMISSION

    BUSINESS AND RISK MANAGEMENT QUESTIONNAIRE

    FOR ASSOCIATED ENTITY

     I. BUSINESS OVERVIEW

     Yes No N/A Management and Supervision

    1. Does the Associated Entity have policies and procedures for the safekeeping of

    client assets?

2. How promptly does the management of the Associated Entity review the

    management information or reports relating to safekeeping of client assets?

    Supplementary Information

    II. RISK MANAGEMENT

    OPERATIONAL RISK

     Handling of Client Accounts

    3. Where the Associated Entity receives or holds client assets as nominee on