Regulatory Alerts2012-12-20
Added · Updated
Applicability of Enhanced Measures to Sale of Investment Products to Corporate Customers
The Hong Kong Monetary Authority issued this circular to extend enhanced investor protection measures to the sale of investment products to corporate customers. This directive updates previous guidelines that previously applied these safeguards primarily to private banking customers. It mandates that authorized institutions implement stricter controls and due diligence procedures when distributing investment products to corporate clients.
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