Regulatory Alerts2021-09-24
Added · Updated
Distribution of Investment and Insurance Products through Non-face-to-face Channels
The Hong Kong Monetary Authority issued this circular on September 24, 2021, to establish regulatory requirements for authorized institutions distributing investment and insurance products via non-face-to-face channels. The document mandates that institutions implement robust governance frameworks and risk management controls to ensure appropriate product suitability and consumer protection during remote transactions. It provides detailed guidance on operational procedures, disclosure obligations, and record-keeping standards to mitigate risks associated with remote sales practices.
CIR
Current
Issue Date:
24 Sep 2021
20210924-1-EN.pdf (156.9 KB)
Topic:
Wealth Management & MPF - Insurance products
Wealth Management & MPF - Securities/investment products
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Current
24 Sep 2021
Annex - Guidance on non-F2F distribution of investment and insurance products
Annex
Current
24 Sep 2021
Annex - Guidance on non-F2F distribution of investment and insurance products
Cross referenced Document
Version History
Superseded Document
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