Regulatory Alerts2018-05-25
Added · Updated
Disclosure Requirements for Non-SFO-regulated Structured Investment Products under Discretionary Accounts
The Hong Kong Monetary Authority directs authorized institutions to comply with new Securities and Futures Commission disclosure rules for non-SFO-regulated structured investment products sold through discretionary accounts. This directive mandates the disclosure of monetary and non-monetary benefits in accordance with paragraph 7.2 of the Code of Conduct, subject to specific exemptions for certain professional investors. Authorized institutions are required to implement these requirements by 25 November 2018, aligning with the effective date of the amended Code.
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