Regulatory Alerts2022-12-09
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Due diligence processes for green and sustainable products
The Hong Kong Monetary Authority issued this circular to share good practices for authorized institutions managing green and sustainable products following thematic examinations. It outlines five key principles including robust product governance frameworks, comprehensive client greenness assessments, and rigorous post-offering monitoring to mitigate greenwashing risks. The regulator recommends that institutions adopt these measures to enhance transparency, accountability, and climate risk management capabilities.
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