Regulatory Alerts2020-09-30
Added · Updated
Findings of Mystery Shopping Programme on Selling Practices of Authorized Institutions in respect of Investment and Insurance Products
The Hong Kong Monetary Authority issued this circular to present the findings of a Mystery Shopping Programme evaluating the selling practices of Authorized Institutions regarding investment and insurance products. The report highlights specific compliance deficiencies and areas for improvement in how these institutions distribute wealth management and MPF-related insurance products to customers. These findings serve as guidance for all Authorized Institutions to enhance their sales conduct and ensure better protection for investors.
CIR
Current
Issue Date:
30 Sep 2020
20200930-1-EN.pdf (197.3 KB)
Topic:
Wealth Management & MPF - Insurance products
Wealth Management & MPF - Securities/investment products
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Current
30 Sep 2020
Annex - Report on the Findings of the Mystery Shopping Programme on Selling Practices of Authorized Institutions in respect of Investment and Insurance Products
Annex
Current
30 Sep 2020
Annex - Report on the Findings of the Mystery Shopping Programme on Selling Practices of Authorized Institutions in respect of Investment and Insurance Products
Cross referenced Document
Version History
Superseded Document
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