Regulatory Alerts2016-04-08
Added · Updated
Feedback from Recent Reviews of the Selling of Investment Products
The HKMA and SFC issued this document to highlight deficiencies in Authorized Institutions' selling of investment products and to set out regulatory standards for compliance. The guidance mandates rigorous product due diligence, accurate customer risk profiling, and thorough suitability assessments that go beyond mechanical matching of risk ratings. It further requires robust monitoring mechanisms, proper documentation of vulnerable customer status, and adequate staff training to ensure ethical behavior and professional competence.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share