FAQs for Implementing Regulations

The content of this page shall not prejudice the provisions of the Capital Market Law, the Companies Law, their Implementing Regulations or other relevant laws. The content of this page shall not be considered an alternative to the provisions of the Capital Market Law, the Companies Law, or their Implementing Regulations. In the event of any conflict between the content of this page and the provisions of the Capital Market Law, the Companies Law, or their Implementing Regulations, those Laws and Regulations shall prevail. And as the Implementing Regulations issued by the CMA are subject to constant update, reliance shall be always on the Regulations published on CMA's website.

 

    Category
    What is the role of the AAP?
    When will the applicant becomes a QFI?
    What entity receives the investors’ complaints in CMA?
    Can a QFI delegate the foreign portfolio manager to process the application for qualification and sign the assessment agreement with the AAP?
    Can an AAP rely on a third party to conduct Know Your Client "KYC" process?
    Are CRSD and ACRSC independent in their work?
    How can the applicant satisfy the registration requirements, the client account opening requirements and the requirements for opening an account with the Depository Center?
    What are the procedures to open a client account?
    What are the procedures to open an account with the Depositary Center?
    How can the QFI’s investment account be linked to a bank account in the name of the QFI, and how could the authorized person ensure that the money transferred to the investment account is received from an account that belongs to the QFI?
    Should each QFI open a separate account in the Depositary Center?
    Who is the competent authority responsible for the resolution of disputes resulting from trading?
    Can a QFI send trading orders through an international broker that is not registered as a QFI?
    Can a QFI establish a discretionary portfolio management (DPM)?
    How securities are transferred from a Swap Agreement account to a QFI account?
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