Asia Regional Managing Partner and Head of Greater China, Lorna Chen and counsel Anil Motwani presented at a webinar titled “SFC Circular on Measures by Licensed Corporations to Deal with Stress Events,” co-hosted by Shearman & Sterling and the Hong Kong Venture Capital and Private Equity Association on December 14, 2022.

Lorna and Anil covered the following topics:

• An overview of the SFC’s circular on stress events, plus an industry and market update following the issuance of this circular;
• The SFC’s regulatory approach and standards for how a licensed corporation should plan for and cope resiliently with stress events; and
• The approach of other regulators and investor markets—principally, the United States—toward business continuity plans and disaster recovery plans.