Tackling BRMQ and understanding ESG

Our next regulatory briefing for Hong Kong Asset Managers will cover two topical themes: the practical aspects of the Business Risk Management Questionnaire and ESG – the growth of environmental, governance and social expectations for fund managers globally.

 

  • Date: Wednesday 25 September 2019, 12.15-1.30pm
  • Location: The French Chamber of Commerce and Industry in Hong Kong
  • 21/f, On Hing Building, 1 On Hing Terrace. Central, Hong Kong

 

Taming the BRMQ Beast

The headline is now well known, that the BRMQ (Business Risk Management Questionnaire) to be completed on an annual basis is moving from around 15 pages to a whopping 140-odd pages in length. The BRMQ goes deeper into the firms’ business and operational details than before, and the task to complete it should not be underestimated. In particular, asset managers/fund managers should be aware how SFC will utilize the new information, for example in looking for consistencies during on-site inspection and to gather intelligence on their supervision priorities.

The new BRMQ needs to be completed within four months of your year end and it’s expected that some changes will need to be made to systems and controls to ensure BRMQ responses can be given in the best light possible. Our session will cover how to plan for completion of the new BRMQ, along with practical tips and useful interpretations to help make the process of completion as painless as possible.

ESG: Changing more than the Climate

The ESG bandwagon is gathering speed at an alarming rate. It’s fuelled by an unprecedented blend of supranational agreements, international undertakings, European law-making and domestic government initiatives. Some of our clients already received the SFC’s ESG survey earlier this year, and yet unless you are managing SFC-authorised unit trusts and mutual funds, there is no explicit guidance to follow.

As ever, when it comes to these environmental, social and governance initiatives, financial services won’t be immune. Regulators are already teeing up new rules to incentivise the good behaviours that will be required by firms and the disclosures intended to keep clients informed. If you’re feeling left behind or overwhelmed by it all – don’t worry! We’ll help you understand how we’ve got to where we are today, interpreting the acronyms and buzz-words along the way and telling you what you should be thinking about now.

RSVP: briefings@bovill.com

 

 

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Date
25 September 2019 (iCal | GCal)


Bookings

Online bookings are not available for this event.