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 extend specific enhanced investor protection measures to private banking customers. These measures, originally established following the Lehman Brothers structured product issues, apply to the distribution of investment products by authorized institutions. The document ensures that private banks adhere to stricter standards when selling complex financial instruments to their private banking clients.
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