Regulatory Alerts2020-03-27
Added · Updated
Circular Issued by the Securities and Futures Commission on Reminder of important obligations to ensure suitability and timely dissemination of information to clients
The Securities and Futures Commission reminds registered institutions of their obligations under the Code of Conduct regarding suitability and timely information dissemination to clients. Institutions are required to conduct continuous product due diligence, particularly considering fluctuating market conditions amid the COVID-19 situation. If a product's risk rating increases during this review, the institution must disclose this change to customers to whom the product was recommended and sold.
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