Regulatory standards and measures on operational resilience and remote working arrangements of the SFC

As a hybrid mode of working is likely to be the new normal in the financial industry even after the pandemic is under control, licensed corporations and registered institutions (collectively “intermediaries”) should be more vigilant to operational resilience and the risks associated with remote working to better sustain their businesses.

To supplement existing guidance for intermediaries to adopt, the Hong Kong Securities and Futures Commission (“SFC”)’s report, published on 4 October 2021 sets out five operational resilience standards and requires implementation measures. The report also discusses expected measures to manage the major possible risks of remote working arrangements, including working from home.

This publication outlines the key regulatory requirements from the SFC report. Mazars offers a wide range of financial advisory services to assist you in achieving compliance with the rules and regulations relevant to you.