PRACTICE AREAS
LEGAL AND REGULATORY COMPLIANCE
Regulatory compliance lawyers are a cornerstone of any business that wants to drive long-term success. Regulatory lawyers can help with a wide range of matters that relate to keeping your business in line with the regulations imposed by the Hong Kong government. By doing this, you will be able to focus on driving growth within your business without hindrance. As a Hong Kong-based law firm experienced in regulatory compliance, we are capable of advising clients across a wide spectrum of compliance and risk management matters, including but not limited to:
- Anti-bribery compliance
- Anti-money laundering compliance
- Compliance with the Securities and Futures Ordinance (Cap. 571)
In addition, our regulatory compliance lawyers offer professional assistance to financial advisers, securities companies, futures companies, forex exchange trading companies and their respective employees to apply for and obtain necessary licenses issued by the Securities and Futures Commission (SFC), inclusive of the entire spectrum of Type 1 to Type 9 licenses, in which we are qualified in undertaking to:
- Advising on the appropriate corporate structure for the application
- Assessing the qualifications of intended Responsible Officers
- Preparing and submitting the application form and other relevant documents for the application including business plans and other compliance manuals
- Liaising with SFC officers including negotiating licensing conditions and handling requisitions and enquiries
- Providing ongoing regulatory compliance support services
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Legal and regulatory compliance becomes increasingly more important as your business grows. Contact our law firm to learn more about how our regulatory compliance services can help your business stay ahead of the curve and mitigate risks.
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Frequently Asked Questions
Why is regulatory compliance law important?
Staying compliant with all the relevant and local regulations here in Hong Kong is one of the foundational stones of a successful business. Compliant businesses will spend less money on potential investigations later down the line and can forge a much more positive and beneficial relationship with relevant authorities and customers.
What are the penalties for not being compliant?
This, of course, depends on the nature of compliance laws broken and the scale of the offence. However, breaching regulatory compliance can cause a string of issues such as hefty penalties and fines, the inability to enrol in certain programmes, and more. All of this can make it extremely hard to stay profitable and run a successful business.
Is accidental non-compliance still an offense?
Yes. Whether you accidentally or intentionally stray away from the regulations stipulated by the relevant laws, any form of non-compliance will be considered an offence in Hong Kong. Working together with experienced regulatory compliance lawyers will help you identify areas of potential non-compliance, as well as rectify areas in which you may already be non-compliant.