Compliance First Consulting Limited
Compliance First Consulting Limited (“Compliance First”) is a Licensed Trust or Company Service Provider in Hong Kong , with its TCSP license no: TC005282.
Compliance First highly focused on providing problem-solving options to balance business and compliance needs of our clients. Compliance First aims to provide effective and flexible compliance solutions instead of giving rigid advice on what ‘cannot be done”. Compliance First was established in Hong Kong in 2011 by founders Ms. Celia, Mok Sin Ying and Ms. San, Yau Yee Ting. Compliance First primarily provides professional and comprehensive compliance consulting, operational risk management solutions, and services to financial institutions and intermedaries in Hong Kong, includes but is not limited to Securities brokerage firms, Corporate finance companies, Asset managers, Virtual assets trading platform providers , Alternative investment managers such as OTC transactions, Insurance brokers, Money service operators and Trust or company service providers.
Compliance First is dedicated to strengthen clients’ compliance and risk management monitoring systems and effectively reduce operational risks for our clients.
Compliance First Values:
• Establishing cost effective business models for clients’ asset management companies.
• Ensuring Licensed institutions and Licensed individuals comply with regulatory requirements issued by regulatory authorities.
• Enhancing clients’ competitiveness through proactive and comprehensive compliance solutions.
• Improving clients’ internal compliance monitoring capabilities and promoting a culture of corporate compliance.
Compliance First Services:
• Assisting corporations and individuals in applying for licenses from the Securities and Futures Commission of Hong Kong for regulated activities.
• Providing ongoing compliance monitoring for clients’ Licensed corporations and Licensed individuals.
• Offering compliance consulting and comprehensive solutions to clients in response to the fast-changing business, operating and regulatory environments.
• Regularly providing clients with the latest compliance knowledge and training support.
Compliance First Mission:
• Promoting a robust corporate compliance culture regularly to ensure sustainable development of clients’ businesses.
• Providing client-oriented consulting services and strengthening clients’ compliance knowledge.
Our team members have a proven track record of delivering practical and tested compliance solutions to over 200-SFC Licensed Corporations and Licensed individuals with an average of 16-year industry experience in a variety of functions across financial industry.
Our team members have also handled over 400 License applications for corporations which are seeking to conduct the following regulated activities in Hong Kong and their employees to obtain necessary SFC licenses for their businesses:
- Type 1 (dealing in securities)
- Type 2 (dealing in futures contracts)
- Type 3 (leveraged foreign exchange trading)
- Type 4 (advising on securities)
- Type 5 (advising on futures contracts)
- Type 6 (advising on corporate finance)
- Type 7 (providing automated trading services)
- Type 8 (securities margin financing)
- Type 9 (asset management)
- Type 10 (providing credit rating services)
- Type 13 (providing depositary services for a Relevant CIS)
HKSFC Licensing
The Securities and Futures Commission, Hong Kong (“HKSFC”) is a gatekeeper of standards for individuals and corporations seeking to enter the securities and futures markets of Hong Kong, HKSFC is responsible for:
- granting licenses to those who are appropriately qualified and who can demonstrate their fitness and properness to be licensed under the Securities and Futures Ordinance;
- maintaining a public register of licensed persons and registered institutions;
- monitoring the on-going compliance of licensing requirements by licensees;
- approval of Substantial Shareholders of licensed corporations;
- approval of Directors of Licensed Corporations and Substantial Shareholders; and
- initiation of policies on licensing issues.
The most common Regulatory Bodies that Compliance First has been dealing with:
- Securities and Futures Commission, Hong Kong
- The Hong Kong Monetary Authority, Hong Kong
- The Hong Kong Insurance Authority
- Hong Kong Exchanges and Clearing Limited, Hong Kong
- Companies Registry, Hong Kong
- Customs and Excise Department of the Hong Kong Special Administrative Region
- Hong Kong Police Force
- The China Securities Regulatory Commission, PRC
- The Asset Management Association of China (“AMAC”)
- Cayman Islands Monetary Authority (CIMA)
- Monetary Authority of Singapore, Singapore
- Japan Securities Dealers Association, Japan
- The Australian Securities & Investments Commission, Australia
- The Financial Services Authority, UK
- The Financial Industry Regulatory Authority, USA
- Securities and Exchange Commission, USA
- Cayman AEOI: FATCA and CRS Reporting for offshore Funds
- US FATCA
- The US Internal Revenue Service