“Professional investor” is defined in Part 1 of Schedule 1 to the SFO to include classes of persons such as intermediaries, authorized financial institutions, insurance companies and recognized exchange companies.
Regarding this, what are the three types of professional investor according to the SFC Code of Conduct?
Definition of “professional investors”
32. Under the Code of Conduct, there are two types of professional investors – (i) market professionals21 (e.g. banks and insurance companies); and (ii) high net worth investors22.
Also to know is, what is a professional investor HK?
“professional investor” means: a) an individual having a portfolio of not less than HKD 8 million or its equivalent in any foreign. currency at the relevant date or as ascertained by referring to any one or more of the following. documents issued or submitted within 12 months before the relevant date – i.
How do you become a professional investor?
professional investor means any bank, bank holding company, savings institution, farm credit institution, trust company, insurance company, investment company registered under the federal Investment Company Act of 1940, financial services loan company, pension or profit-sharing trust or other financial institution or …
Who is professional investor?
a person whose job is investing their own money: Many professional investors are no longer interested in small companies of any kind.
What is PN21?
Internal controls assistance (PN21 engagement)
Whats is code of ethics?
A code of ethics is a guide of principles designed to help professionals conduct business honestly and with integrity. … A code of ethics, also referred to as an “ethical code,” may encompass areas such as business ethics, a code of professional practice, and an employee code of conduct.
How do I become a professional investor in Hong Kong?
Qualification of professional investors
- Individual: A portfolio of not less than $8 million.
- Corporation or partnership: A portfolio of not less than $8 million or total assets of not less than $40 million.
- Trust corporation: Total assets of not less than $40 million.
What is a professional investor UK?
Definition of Professional Investor in the AIFMD
Under the AIFMD, a “‘professional investor‘ means an investor which is considered to be a professional client or may, on request, be treated as a professional client within the meaning of Annex II to Directive 2004/39/EC”.