Regulation and Supervision

The Commission regulates company management business in accordance with the Companies Management (Licensing) Ordinance, the Financial Services Commission Ordinance 2007, Proceeds of Crime Anti Money Laundering/Prevention of Terrorist Financing Regulations 2010 and AML/PTF Code 2011.

Ongoing supervision of the activities of Company Managers and Agents is the responsibility of the Commission which must:

  • Maintain a general review of the sector;
  • Ensure compliance with the law;
  • Examine applications and make recommendations on whether to approve or disapprove applications for a licence;
  • Conduct on-site reviews to test practices and procedures for effectiveness of control and compliance.