Regulatory Alerts2016-04-01
Added · Updated
Circular Issued by the Securities and Futures Commission on Distribution of Bonds Listed under Chapter 37 of the Main Board Listing Rules and Local Unlisted Private Placement Bonds
The Securities and Futures Commission issued a circular to licensed corporations regarding the distribution of Chapter 37 Bonds and local unlisted private placement bonds. Registered Institutions are required to adhere to the circular's observations on selling practices and implement key controls to address the complex features, high risks, and illiquidity inherent in these instruments. Additionally, institutions must consider relevant HKMA circulars to ensure appropriate investor protection, particularly for retail customers dealing with high-yield or complex bond products.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share