Regulatory Alerts2018-02-08
Added · Updated
Distribution of Fixed Income and Structured Products
The Hong Kong Monetary Authority issued this circular to remind Authorized Institutions of enhanced supervisory expectations regarding the distribution of fixed income and structured products. The regulator mandates strict adherence to product due diligence, comprehensive customer disclosure, and robust suitability assessments, with specific cautionary guidance for complex instruments like accumulators and loss-absorbing capacity debt. Institutions are further required to review compliance failures highlighted by the Securities and Futures Commission and implement prompt remedial actions to ensure alignment with regulatory standards.
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