CEO Bloggers - John Li

A CEO is almost always the best single human asset a company has. Yet many businesses hide their top asset behind a marketing curtain. A short website bio, usually without contact information, makes most CEOs appear inaccessible. If your goal is to be a customer-facing and customer-focused organization, a CEO blog can create a public face for a company. Showcasing your company’s personality can go a long way toward defining your values.

COO of nwStor

Response to SFC guidance on use of instant messaging

Publish Date: 15/05/2018

The Securities and Futures Commission (SFC) issued a circular to provide guidance on the key controls and procedures which intermediaries are expected to implement when using instant messaging (IM) applications to receive client orders. The circular also makes it clear that the SPC may take regulatory action against firms which receive orders through IM applications without taking sufficient measures to ensure compliance with the regulatory requirements.

The requirements include keeping proper records of messages relating to client orders for no less than two years under the Securities and Futures (Keeping of Records) Rules, and ensuring they are accessible for monitoring and audit purposes, as well as validating client identities and maintaining adequate safeguards to prevent unauthorized account access and cybersecurity attacks.

 

To fulfil the above requirements, a highly-secured IM application is recommended.

 

Condor, a data security application of nwStor, can provide a platform to the intermediaries to receive client orders in a more secure way. It has an AES 256 bit encryption algorithm which is commonly used by the USA government and one unique encryption key per file or message which protects your records of messages with your clients for a long period of time. The function of audit trail allows you to monitor who, when and what file has been accessed. Also, it validates client identities which prevents unauthorized account access and cybersecurity attacks.

 

All of the features of Condor fulfil the requirements proposed by SFC and it gives an assurance that the records of messages are secured.

Apart from Secure Chat, we also have a Secure Communication Platform to secure almost all kinds of communications such as Chat, Email, File Transfer, Voice Call & Video Conference.

Blog Disclaimer

Please be aware that information provided by this blog is subject to change. We recommend that you do not take any information held within as a definitive guide to the law or the relevant matter being discussed. You are advised to seek legal or professional advice where necessary rather than relying on the content supplied by the author(s) of this blog.

Due to the nature of the matters discussed on this blog, the information contained within it and any pages linked to from it are clearly subject to change, without warning. The law, regulations and other forms of legal governance are constantly changing and adapting to meet the needs of the modern world and it is impossible to comprehensively detail the nature of such within the confines of a blog in a concise, up-to-date manner.

Any opinions expressed within the blog are those of the author and not necessarily held by ASIA CEO COMMUNITY itself. For the most up to date information, prices, offers and more offered by ASIA CEO COMMUNITY, please visit our website or contact a member of our team on +852 2193 5057.

Guest Blog Disclaimer

From time-to-time we have guest bloggers post on our site.

The views, opinions and positions expressed within these guest posts are those of the author alone and do not represent those of ASIA CEO COMMUNITY LIMITED. The accuracy, completeness and validity of any statements made within this article are not guaranteed. We accept no liability for any errors, omissions or representations. The copyright of this content belongs to the author and any liability with regards to infringement of intellectual property rights remains with them.

© Copyright 2020 ASIA CEO COMMUNITY LIMITED. All Rights Reserved.

CONTACT US

Address: Lemmi Centre, unit 1703, 17/F, No. 50 Hoi Yuen Rd, Kwun Tong, Hong Kong

Email : ceo@asiaceo.com
Tel : + 852 2193 5057

 

  • Facebook Social Icon
  • LinkedIn Social Icon
  • YouTube Social  Icon
  • Twitter Social Icon
  • Instagram Social Icon