Developing comprehensive, regulator-aligned business plans and dynamic Financial Resources Rules (FRR) projections that satisfy the SFC’s viability and risk criteria.
A business plan prepared for venture capital investors or bank credit will not pass SFC review. The SFC examines a business plan through the lens of regulatory compliance, investor protection, and solvency resilience.
Applicants must describe their product lifecycle, investor target markets, fee structures, order routing, custody safeguards, and operational risks in granular detail. Financial projections must include 12-month and 24-month balance sheets and cash flows that continuously meet FRR liquid capital ratios under stress.
Standard tangible deliverables prepared and submitted for statutory review:
A 40+ page regulatory filing document detailing corporate history, target market, product descriptions, distribution channels, risk management, and systems infrastructure.
Dynamic financial projections calculating statutory paid-up share capital, monthly projected liquid capital, operating expenditure, and ranking liabilities under SFO Cap. 571N.
Clear graphical blueprints demonstrating client onboarding, order execution, trade allocation, custodian settlement, and client asset segregation.
Worst-case revenue drawdown scenarios demonstrating that the licensed entity remains solvent and above FRR liquid capital triggers without requiring emergency capital injections.
Structured Roadmap
Analyzing planned revenue streams (management fees, performance fees, commissions), cost base, and technology infrastructure requirements.
Translating your commercial objectives into precise SFO regulatory taxonomy, clarifying investor classification and suitability frameworks.
Constructing dynamic 24-month balance sheets, P&L statements, and liquid capital computation schedules conforming to SFO Cap. 571N.
Ensuring 100% data consistency between the Business Plan, Compliance Manual, Form 1 corporate filing, and RO CV submissions.
This advisory module directly supports applications and ongoing governance for:
The SFC requires realistic 24-month financial projections including revenue breakdown, operational expenses (rent, salaries, IT, legal/audit), and a monthly liquid capital computation showing continuous buffer above the statutory minimum under the Financial Resources Rules.
While legally possible, retail onboarding triggers significantly higher capital, compliance, and suitability requirements. The vast majority of overseas asset managers and boutique brokerages restrict their business plan strictly to Professional Investors (PIs) to accelerate approval.
We maintain a centralized data dictionary for each filing. The business activities stated in Form 1, the organizational chart in the MIC matrix, the policies in the Compliance Manual, and the financial figures in the Business Plan are synchronized to prevent requisition delays.
The SFC will issue requisitions requesting a shareholder injection or a formal Subordinated Loan approved by the SFC under FRR rules. We model capital buffers upfront to ensure uninterrupted compliance.