Regulatory Alerts2012-01-20
Added · Updated
Applicability of Enhanced Measures to Sales of Investment Products to Private Banking Customers
The Hong Kong Monetary Authority issued this circular to clarify the applicability of enhanced investor protection measures to private banking customers. The document specifies that recommendations 5, 15, and 18 within the circular have been superseded by the HKMA’s circular dated 25 September 2019 regarding investor protection measures for investment, insurance, and mandatory provident fund products. This update ensures that authorized institutions adhere to the latest regulatory standards when distributing structured products connected to Lehman Brothers.
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