PCA tailors its compliance advisory services and level of support to suit each client’s needs and requirements.
This ranges from PCA providing compliance advice to clients on an ad hoc basis upon request to providing clients with monthly compliance support and compliance monitoring.
Dedicated Compliance Contact
Each of PCA’s clients is appointed a dedicated compliance consultant who is acts as their daily point of contact.
Each consultant has a tailored portfolio of clients who they serve on an ongoing basis and as such has an in-depth understanding of their clients’ business activities, key personnel, and compliance needs and requirements.
Regulatory Notification Support
PCA assists clients with drafting and subsequently filing notifications to regulators.
These notifications include but are not limited to: changes to key personnel, changes to organizational structures, changes to shareholding structures, changes to general company information, changes to personal information of licensed / appointed individuals, and information relating to registered funds.
Licensing Application Support
PCA assists clients with drafting and subsequently submitting licensing applications to regulators.
These applications include but are not limited to: individual licensing, change / addition of record keeping premises, change in financial year end, appointment of directors etc.
Regulatory Updates
On an ongoing basis, PCA keeps clients abreast of relevant regulatory developments in Hong Kong and Singapore.
This includes informing clients of the regulatory update in a timely manner, followed by providing advice pertaining to the applicability of the development to our clients’ business and if necessary, a plan for any requisite action that needs to be taken in order to comply with any new regulatory or compliance requirements.
Policies and Procedures
PCA assists clients in maintaining and where necessary, updating their compliance policies and procedures.
Maintenance of client’s policies generally pertains to amendments of general company and personnel-related information. Updates of client’s policies and procedures often relates to new regulatory developments and requirements and / or changes to a client’s business activities and / or operations.
Compliance Training
PCA provides training to clients on a variety of regulatory and compliance topics (including ethics and regulatory compliance).
The training PCA provides to clients can be counted towards the Hong Kong and Singapore regulators’ ongoing training requirements for licensed personnel.
Regulatory Filings
PCA assists clients in submitting periodic and ad hoc filings to regulators.
This includes the submission of ad hoc surveys (e.g., Asset and Wealth Management Survey), annual returns (Securities and Futures Commission), Form ADVs (Securities and Exchange Commission), and annual CISNet declaration filings (Monetary Authority of Singapore).
Compliance Plan
PCA prepares and executes upon a tailored compliance plan for each client.
This involves mapping out and determining key regulatory and compliance obligations that are applicable to the client and then subsequently discussing each relevant item on a periodic basis (monthly / quarterly / annually).
PCA is also involved in performing compliance monitoring to ensure adherence to regulatory and compliance obligations on an ongoing basis.
Compliance Registers
PCA compiles and maintains compliance registers for clients.
This includes initial drafting and ongoing maintenance of the following registers: Continuous Professional Training, Gifts and Entertainments, Money Laundering, Errors, Breaches, and Complaints.
Compliance Calendar
PCA prepares and maintains a compliance calendar for clients.
This involves keeping track of regulatory and compliance obligations that are applicable to each client and providing timely reminders to relevant stakeholders.
Regulatory Liaison
PCA acts as our clients point of contact with the regulator.
This involves PCA maintaining an ongoing relationship with relevant regulator's case officers and where necessary, discussing compliance matters on behalf of our clients.
Annual Audit
PCA provides support to clients with regards to the preparation and submission of the compliance-related materials which are required as part of the annual regulatory audit.
This involves drafting and subsequently submitting to the SFC the Business Risk Management Questionnaire in Hong Kong and assisting our Singaporean clients to handle their auditor’s compliance-related questions.
Compliance Visits
Depending upon the scope of engagement, PCA visits each clients’ office on a periodic basis.
There are specific regulatory requirements that licensed companies in Hong Kong and Singapore must adhere to in respect of their physical office premises and therefore PCA conducts site visits to provide advice on related matters.
Ad Hoc Advisory
PCA provides ad hoc advice to clients on a host of regulatory and compliance-related matters.
This ranges from clients who are looking to conduct activities overseas and seeking advice on requisite licensing considerations, client’s seeking advice on how to handle questions posed by regulators during inspections, clients’ wanting to understand the market practice for handling general day-to-day compliance matters etc.
Fund Registration
PCA helps client’s file information to regulators in respect of private funds under their management or for which they are raising capital.
This includes assisting clients to register private funds with the Monetary Authority of Singapore via the CISNet online system as well as Regulation D and Blue Sky filings in the United States of America with the Securities and Exchange Commission.
Please feel free to get in touch about your licensing or compliance needs and we would be delighted to be of assistance.