Regulatory Alerts2008-09-23
Added · Updated
Circular on Investment Products Related to Lehman Brothers
The Hong Kong Monetary Authority issued this circular to address public concerns regarding Lehman Brothers investment products sold by registered institutions. It mandates that all retail sellers of these products immediately inform affected customers, establish dedicated telephone hotlines, and arrange customer briefings. Additionally, institutions are required to review their sales processes for suitability compliance and ensure products are sold only to clients with matching risk appetites.
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