Coming into effect of New Attributed Liability Concept – Part XII (Market Conduct) of the Securities and Futures Act

23 Oct 2012

This update discusses the concept of attributed liability which has recently come into effect under the Securities and Futures Act (“SFA”) whereby an employer may face liability resulting from a contravention of market conduct provisions of the SFA by its employee, officer, partner or manager. Some practical recommendations for an employer to mitigate such risks are also discussed.

To read the update, please click here.