Regulatory Alerts2016-04-08
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Feedback from recent reviews of the selling of investment products
The Hong Kong Monetary Authority issued this circular to outline key observations and regulatory standards regarding Authorized Institutions' selling of investment products. It mandates improvements in product due diligence, customer risk profiling, suitability assessments, and monitoring mechanisms to ensure compliance with conduct requirements. The document further requires enhanced staff training and adherence to specific good practices to protect investors and maintain market integrity.
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