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 issued this circular on March 27, 2020, to remind registered institutions of their critical obligations regarding client suitability and information dissemination during the Covid-19 pandemic. The regulator emphasizes the necessity for licensed corporations to maintain rigorous standards in assessing client appropriateness and ensuring the timely provision of material information despite operational challenges. This guidance reinforces existing investor protection measures by mandating that institutions adapt their processes to uphold fiduciary duties without compromising regulatory compliance.
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