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Guide Regulation and Compliance in Operations (Securities Institute Operations Management)

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CISI Diploma in Investment Compliance

Attend in-person or VIrtually. Financial Seminars By Sectors. Who Should Enroll in Tabb Training? Our financial seminars are available at beginner, intermediate and advanced levels. They address current industry topics and help you develop the skills needed to succeed as a financial services professional. Our courses combine lectures with discussions of specific case studies and exercises to ensure a thorough understanding of the material and the ability to apply these learnings on the job.

Let us know what your financial training needs are and we will put together a course for you.

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If you take our open-enrollment classes or custom-delivered projects, you will find our pricing structure to be highly competitive. Global Financial Compliance Global Financial Compliance has been developed to provide candidates with a broad understanding of the compliance issues that arise within the financial services industry.

October 14-17, Boca Raton, FL

The qualification is suitable for all compliance staff, particularly compliance officers. It provides a sound grounding in the international regulatory environment, the compliance function, managing the risk of financial crime, ethics, integrity and fairness and governance, risk management and compliance. It can be taken as a standalone award or with a regulatory paper to provide a full certificate. The Certificate in Corporate Finance is a standalone qualification, comprising a specialist corporate finance regulatory paper Corporate Finance Regulation and a technical paper Corporate Finance Technical Foundations.

The IAD is accredited by Ofqual and recognised by the FCA as an appropriate exam for advising on and dealing in securities, derivatives, advising on packaged products and managing investments. The Investment Operations Certificate The IOC is designed to train staff working in the operations and settlement areas of the business. In order to be awarded the IOC, candidates must pass three units. Individuals undertaking a supervisory role must pass the units designed to give them understanding of i the securities and investments market and ii the regulatory environment in which the industry operates, plus a more detailed look at iii a particular technical subject.

The units available are:. Advanced Certificate Programme The Advanced Certificates are normally taken by candidates who have completed the IOC programme and want to specialise in particular areas of investment operations. At the very least, they will have taken the corresponding IOC unit before attempting the advanced paper. There is a choice of two exams:. Candidates will usually have work experience in the industry and perhaps be moving into management roles. The exams require them to combine technical knowledge with this work experience to address more in-depth questions and case studies in a three-hour written exam.

Advanced Operational Risk is for those who want to know more about the risks that their firms face and how best to mitigate them. It covers areas such as identifying risk types and proposing a risk strategy. It is based on realistic case studies. Advanced Global Securities Operations is for those who are specialising in global custody and global settlement, including areas such as custodian procedures and client management. This is of use to those who, though not directly involved in the financial advice process thus requiring a level 4 qualification do work in this broad area and would find it useful to have an overview of the wealth management process.

Drawn from both UK and international best practice, the exam is currently being taken in the Middle East, Spain and the UK and is available globally. It lasts for two hours and consists of multiple choice questions. Article 25 In case that legal representatives or senior management officers of the securities companies leave offices, the securities companies shall audit them and submit audit reports to securities regulatory authorities of the State Council within two months from the day when they leave offices.

Provided that the audit reports as provided in the preceding paragraph are not submitted to the securities regulatory authorities of the State Council, the personnel who leave offices shall not hold any positions in other securities companies. Article 26 Securities companies and domestic branches engaged in the securities businesses as enumerated in Article of the "Securities Law" shall observe the "Securities Law" and this Rules.

Securities companies and domestic branches shall operate businesses approved by securities regulatory authorities of the State Council, and the businesses that are not approved shall not be operated. In case of two or more securities companies controlling or controlled by each other, or two or more securities companies under common control by an entity or individual, such securities companies shall not operate identical business; except that the securities regulatory authorities of the State Council may otherwise provide by rules or regulations.

Article 27 Securities companies shall establish a sound mechanism of risk management and internal control to prevent and control risks in the principle of prudent operation. Securities companies shall conduct centralized and unified management of branches; securities companies shall not operate and manage branches through joint venture and cooperation with other parties, and shall not contract, lease or entrust the operation and management of branches to other parties. Article 28 In case that securities depository and clearing institutions entrust securities companies to open securities accounts for clients, the securities companies shall check the authenticity of names and identities declared by such clients as provided in the rules on securities account management.

The name in the capital account shall be the same with that in the securities account opened by the same client. Securities accounts opened by securities companies for clients under securities assets management shall be filed with the stock exchanges within three trading days since the day when the accounts are opened. Based on the information of the clients, securities companies shall recommend proper products or services.

Regulation and Compliance in Operations

The Securities Association of China shall formulate specific rules. Article 30 Before signing services contracts with the clients with respect to securities transaction entrustment, securities assets management, and margin trading and securities lending, securities companies shall designate special personnel to explain relevant business rules and contract contents to the clients, and deliver the risk disclosure statement to clients for confirmation and signature.

The prerequisite articles of the services contract and the standard format of the risk disclosure statement shall be formulated by the Securities Association of China and filed with securities regulatory authorities of the State Council. Article 31 When engaging in securities assets management business, and margin trading and securities lending business, securities companies shall compile statements as prescribed and send them to the clients monthly.

If the time and way for delivering the statements are otherwise stipulated by securities companies and the clients, they shall be in accordance with the stipulation.

CISI - Regulation and Compliance, Insider Trading

Article 32 Securities companies shall establish information inquiry systems to ensure that the clients can inquire, at any time during the business hours of the securities companies, about their entrustment record, transaction record and the balance of securities and funds, as well as such information as names and practicing certificates of securities companies business personnel and securities brokers, and certificate numbers of securities brokers.

In case that clients believe relevant information record is not consistent with facts, the clients are entitled to complain to the securities companies or securities regulatory authorities of the State Council.


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Article 33 Securities companies shall not entrust other entities or individuals to soliciting, servicing and selling products to clients. Article 34 When providing investment advices for the clients, securities companies shall not make deterministic judgment concerning securities price fluctuation or market trends. Securities companies and the staff shall not seek unjustifiable interests by taking advantage of providing investment suggestions for the clients.

Article 36 Securities companies shall retain general risk reserves according to regulations to make up operating losses. Article 38 When engaging in securities brokerage business, securities companies may entrust external personnel as securities brokers with activities including client solicitation and service, but those securities brokers shall be qualified for handling securities business. Securities companies shall sign entrustment contracts with the entrusted securities brokers, issue certificates of securities brokers, define the authorities of securities brokers and monitor practices of securities brokers.

Securities brokers shall conduct business within the limit authorized by the securities companies and show their certificates of securities brokers to the clients. Article 39 Securities brokers shall abide by management rules for staff of securities companies. A stockbroker can only accept the entrustment of one securities company to conduct activities including client solicitation and client service.

The stockbroker shall not handle issues including securities subscription and trading for the client. Article 40 When charging for securities transaction from clients, the securities company shall abide by relevant state regulations, and make announcement on charge items and standards in obvious site of the business branches.

Article 41 Securities companies shall confine their proprietary business to purchase and sale of shares, bonds, warrants and securities investment funds that are publicly issued according to law or other securities recognized by securities regulatory authorities of the State Council. Article 42 Securities companies as securities proprietor shall use real-name in their securities proprietary accounts. Securities companies shall file their securities proprietary accounts with the stock exchange within three trading days from the opening day.

Article 43 Securities companies engaged in securities proprietary business shall not act as follows:. Article 44 For securities companies engaged in securities proprietary business, their risk control indicators such as the ratio of total securities value of dealing business to net capital, the ratio of value of one particular security held in their own accounts to its net capital and the ratio of amount of one particular security held in their own accounts to the total issue volume of the very security shall comply with the regulations by securities regulatory authorities of the State Council.

The yields from the investment shall be enjoyed by the client and the loss shall also be assumed by the client. Securities companies shall charge administrative expenses according to the stipulations. When engaged in management business of securities assets, the securities company shall sign the contract on management of securities assets with the client to stipulate issues including investment scope, investment proportion, management term and administrative expenses. Article 46 Securities companies engaged in management business of securities assets shall not act as follows:.

The securities regulatory authorities of the State Council shall make written decision of approval or disproval on the issue as set forth in the aforesaid paragraph within two months since the day when applications are accepted. Article 49 Securities companies who run the margin trading and securities lending business shall meet the following conditions:.

1st Edition

Article 50 Securities companies, which engage in the margin trading and securities lending business, shall sign the margin trading and securities lending business contract with clients and open securities guarantee accounts for clients at the securities depository and clearing institutions and open fund guarantee accounts for clients at the designated commercial banks in the names of securities companies according to the regulations provided by securities regulatory authorities of the State Council.

In securities guarantee accounts and fund guarantee accounts opened for clients in the names of securities companies, the credit account shall be solely opened for each client. Article 51 Concerning lending money to clients, securities companies shall use their own funds or funds raised according to law; concerning lending securities to clients, securities companies shall use their own securities inventory or the securities for which the disposition right have been obtained according to law.

Article 52 Concerning lending money or securities to clients by securities companies, clients shall pay a deposit in a certain proportion.


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The deposit can be in the form of securities. When the proportion is lower than the stipulated lowest guarantee maintenance proportion, securities companies shall notify clients to supplement the spread within a certain time limit. If clients fail to supplement the spread on time or fail to repay the due debts of margin trading and securities lending, securities companies shall dispose of their guaranties according to stipulations.