Regulatory Alerts2023-11-29
Added · Updated
Expected Standards and Examples of Good Practices on Sale and Distribution of Green and Sustainable Investment Products
The Securities and Futures Commission establishes expected standards and good practices for Registered Institutions regarding the sale and distribution of green and sustainable investment products. The guidance mandates rigorous product due diligence, accurate customer preference assessment, transparent disclosure of sustainability characteristics, and robust internal governance to mitigate greenwashing risks. Additionally, it requires comprehensive staff training and specific due diligence procedures for Registered Institutions acting as capital market intermediaries in bookbuilding activities.