Regulatory Alerts2019-11-22
Added · Updated
Feedback from Recent Reviews on Selling of Investment Funds
The Hong Kong Monetary Authority issued this circular to provide guidance on preventing misconduct risks in the selling of investment funds following recent thematic reviews of Registered Institutions. The regulator highlights control deficiencies related to frequent fund switching and inadequate incentive structures, requiring institutions to implement remedial actions and design proper risk cultures. The HKMA will continue monitoring selling practices and will pursue further inquiry into cases involving potential breaches of regulatory requirements.
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