Update on the thematic review of risk management practices related to data risks of licensed corporations by the SFC

Sound risk management is always essential to sustaining the resilience of licensed corporations (“LCs”) amid market uncertainty and volatility.
 
In March 2023, the Securities and Futures Commission (“SFC”) issued a report on the theme review including the assessment on data risk management practices adopted by 48 LCs. The SFC report summarised the industry practices in risk governance, oversight and management in the respective risk areas covered, together with examples of good practices and areas for improvement observed from the thematic review and other supervisory activities. The SFC’s expected standards for LCs to mitigate these specific risks are also set out in the report.

Mazars offers financial consulting services to assist businesses in complying with the regulatory standards and requirements in enhancing data risk management.

Documents

Update-on-the-thematic-review-of-risk-management-practices-related-to-data-risks-of-licensed-corporations-by-the-SFC.pdf
證券及期貨事務監察委員會就持牌法團有關涉及資料風險的風險管理作業手法進行主題檢視的最新情況.pdf
证券及期货事务监察委员会就持牌法团有关涉及数据风险的风险管理作业手法进行主题检视的最新情况.pdf

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