Regulatory Alerts2012-12-20
Added · Updated
Applicability of SFC Regulatory Requirements to Sale of Non-SFO Regulated Structured Products
The Hong Kong Monetary Authority requires Authorized Institutions to apply specific Securities and Futures Commission regulatory standards to the sale of structured products not regulated by the Securities and Futures Ordinance. These standards encompass rules on the use of gifts, investor characterization, and the disclosure of monetary benefits and sales-related information. The gift usage requirement takes immediate effect, while the remaining provisions must be implemented within six months of the circular's issuance.
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