Regulatory Alerts2020-09-29
Added · Updated
Circular on Provision of Trade Documents to Clients via Intermediaries' Websites
The Hong Kong Monetary Authority issued this circular to update registered institutions on the Securities and Futures Commission's guidance regarding the provision of trade documents to clients through intermediaries' websites. The document specifies minimum online retrieval periods of three months for daily statements, contract notes, and receipts, and two years for monthly statements. It encourages institutions to offer longer retrieval periods to enhance customer experience and supersedes a previous circular from July 2010.
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