# UOB KAY HIAN (U.S.) INC. X-17A-5 (2022-02-23) — Broker-dealer annual report
- Company: UOB KAY HIAN (U.S.) INC.
- Form: X-17A-5
- Filed: 2022-02-23
- Period: 2021-12-31
- Accession: 0001235887-22-000001
- CIK: 1235887
- File #: 8-65981
- Type: Broker-dealer
- Material weakness: No
- Auditor: FRIEDMAN LLP
- Auditor location: East Hanover, NJ
- Contact: Athena Kwai
- Phone: 973 313 2400
- Signed by: Athena Kwai (President)
Original filing: https://www.sec.gov/Archives/edgar/data/1235887/000123588722000001/UOBKH2021aupsipc.pdf
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## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON APPLYING AGREED-UPON PROCEDURES**
To the Stockholder of UOB Kay Hian (U.S.) Inc.
We have performed the procedures included in Rule 17a-5(e)(4) under the Securities Exchange Act of 1934 and in the Securities Investor Protection Corporation (SIPC) Series 600 Rules, which are enumerated below on the accompanying General Assessment Reconciliation (Form SIPC-7) for the year ended December 31, 2021. Management of UOB Kay Hian (U.S.) Inc. (Company) is responsible for its Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7.
Management of the Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting you and SIPC in evaluating the Company's compliance with the applicable instructions on Form SIPC-7 for the year ended December 31, 2021. Additionally, SIPC has agreed to and acknowledged that the procedures performed are appropriate for their intended purpose. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The sufficiency of these procedures is solely the responsibility of those parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. The procedures we performed and our findings are as follows:
- 1) Compared the listed assessment payments in Form SIPC-7 with respective cash disbursement records entries, noting no differences;
- 2) Compared the Total Revenue amount reported on the Annual Audited Report Form X-17A-5 Part III for the year ended December 31, 2021 with the Total Revenue amount reported in Form SIPC-7 for the year ended December 31, 2021, noting no differences;
- 3) Compared any adjustments reported in Form SIPC-7 with supporting schedules and working papers, noting no differences;
- 4) Recalculated the arithmetical accuracy of the calculations reflected in Form SIPC-7 and in the related schedules and working papers supporting the adjustments, noting no differences.
We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the AICPA and in accordance with the standards of the Public Company Accounting Oversight Board (United States). We were not engaged to and did not conduct an examination or a review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the Company's Form SIPC-7 and for its compliance with the applicable instructions on Form SIPC-7 for the year ended December 31, 2021. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.
We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.
This report is intended solely for the information and use of the Company and SIPC and is not intended to be and should not be used by anyone other than these specified parties.
FRIEDMAN LLP East Hanover, New Jersey February 23, 2022
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| | SIPC-7 | | SEUURI I LO INVESTUR FRUTEDTION OORFORMITION
Mail Code: 8967 P.O. Box 7247 Philadelphia, PA 19170-0001 | | SIPC-7 | |
|---------|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|-----------------------|
| | (36-REV 12/18) | | General Assessment Reconciliation | | (36-REV 12/18) | |
| | | | 12/31/2021
For the fiscal year ended | | | |
| | | | (Read carefully the instructions in your Working Copy before completing this Form) | | | |
| | | | TO BE FILED BY ALL SIPC MEMBERS WITH FISCAL YEAR ENDINGS | | | |
| | | purposes of the audit requirement of SEC Rule 17a-5: | 1. Name of Member, address, Designated Examining Authority, 1934 Act registration no. and month in which fiscal year ends for | | | d
C |
| | 8-65981 | UOB KAY HIAN (U.S.) INC.
3207 DOVETAIL MEWS
MISSISSAUGA, ONTARIO L5L 5K4 | | Note: If any of the information shown on the
mailing label requires correction, please e-mail
any corrections to form@sipc.org and so
indicate on the form filed.
Name and telephone number of person to
contact respecting this form.
Betty Tao (212) 751-4422 | | CS
5
ORKIN
M |
| | | | | | | |
| | | 2. A. General Assessment (item 2e from page 2) | | \$ 2,860 | | |
| | | B. Less payment made with SIPC-6 filed (exclude interest) | | 1,506 | | |
| | 7/27/21 | | | | | |
| | | Date Paid
C. Less prior overpayment applied | | | | |
| | | D. Assessment balance due or (overpayment) | | | | |
| | | | E. Interest computed on late payment (see instruction E) for__________________________________________________________________________________________________________________ | | | |
| | | | F. Total assessment balance and interest due (or overpayment carried forward) | 1,354 | | |
| | | G. PAYMENT: V the box
Check mailed to P.O. Box V Funds Wired
Total (must be same as F above) | ACH | | | |
| | | H. Overpayment carried forward | | | | |
| | | | 3. Subsidiaries (S) and predecessors (P) included in this form (give name and 1934 Act registration number): | | | |
| | | | | | | |
| | and complete. | The SIPC member submitting this form and the
person by whom it is executed represent thereby
that all information contained herein is true, correct | UOB KAY HIAN (U.S.) INC. | (Name of Corporation, Partnership or other organization)
(Authorized Signature) | | |
| | | Dated the 26th day of January | | ESIN | | |
| | | | This form and the assessment payment is due 60 days after the end of the fiscal year. Retain the Working Copy of this form
for a period of not less than 6 years, the latest 2 years in an easily accessible place. | (Title) | | |
| ਰਵ
E | Dates: | | | | | |
| EW | | Received
Postmarked | Reviewed
Documentation _ | | Forward Copy . | |
| | > Calculations | | | | | |
SECURITIES INVESTOR PROTECTION CORPORATION
SIPC-7
| y | | |
|---|-------------|--|
| | Exceptions: | |
E
ം Disposition of exceptions:
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## DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT
Amounts for the fiscal period beginning 1/1/2021 and ending 12/31/2021
| | allu cliumy ---------- |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|
| tem No. | Eliminate cents
\$ 1,957,866 |
| 2a. Total revenue (FOCUS Line 12/Part IIA Line 9, Code 4030) | |
| 2b. Additions:
(1) Total revenues from the securities business of subsidiaries (except foreign subsidiaries) and
predecessors not included above. | |
| (2) Net loss from principal transactions in securities in trading accounts. | |
| (3) Net loss from principal transactions in commodities in trading accounts. | |
| (4) Interest and dividend expense deducted in determining item 2a. | |
| (5) Net loss from management of or participation in the underwriting or distribution of securities. | |
| (6) Expenses other than advertising, printing, registration fees and legal fees deducted in determining net
profit from management of or participation in underwriting or distribution of securities. | |
| (7) Net loss from securities in investment accounts. | |
| Total additions | 0 |
| 2c. Deductions:
(1) Revenues from the distribution of shares of a registered open end investment company or unit
investment trust, from the sale of variable annuities, from the business of insurance, from investment
advisory services rendered to registered investment companies or insurance company separate
accounts, and from transactions in security futures products. | |
| (2) Revenues from commodity transactions. | |
| (3) Commissions, floor brokerage and clearance paid to other SIPC members in connection with
securities transactions. | 51,193 |
| (4) Reimbursements for postage in connection with proxy solicitation. | |
| (5) Net gain from securities in investment accounts. | |
| (6) 100% of commissions and markups earned from transactions in (i) certificates of deposit and
(ii) Treasury bills, bankers acceptances or commercial paper that mature nine months or less
from issuance date. | |
| (7) Direct expenses of printing advertising and legal fees incurred in connection with other revenue
related to the securities business (revenue defined by Section 16(9)(L) of the Act). | |
| (8) Other revenue not related either directly or indirectly to the securities business.
(See Instruction C): | |
| (Deductions in excess of \$100,000 require documentation) | |
| (9) (i) Total interest and dividend expense (FOCUS Line 22/PART IIA Line 13,
Code 4075 plus line 2b(4) above) but not in excess | |
| of total interest and dividend income. | |
| (ii) 40% of margin interest earned on customers securities
accounts (40% of FOCUS line 5, Code 3960). | |
| Enter the greater of line (i) or (ii) | |
| Total deductions | 51,193 |
| 2d. SIPC Net Operating Revenues | 1,906,673 |
| 2e. General Assessment @ . 0015 | 2,860 |
| | (to page 1, line 2.A.) |
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.