Regulatory Alerts2015-08-07
Added · Updated
Engagement of Intermediaries and Sales Agents by Authorized Institutions
The Hong Kong Monetary Authority issued this circular to regulate the engagement of intermediaries and sales agents by authorized institutions. The document outlines the supervisory expectations and requirements for managing these relationships to ensure consumer protection. It establishes guidelines for due diligence, oversight, and accountability in the deployment of external business referral service providers.
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