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 its Mystery Shopping Programme regarding the selling practices of Authorized Institutions for investment and insurance products. The document highlights specific compliance gaps and operational shortcomings identified during the assessment of how these institutions advise and sell financial products to customers. It serves as a regulatory reminder for Authorized Institutions to adhere to expected standards and enhance investor protection measures in their sales processes.
CIR
Current
Issue Date:
30 Sep 2020
20200930-2-EN.pdf (579.6 KB)
Topic:
Wealth Management & MPF - Insurance products
Wealth Management & MPF - Securities/investment products
Keyword:
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
30 Sep 2020
Findings of Mystery Shopping Programme (“MSP”) on Selling Practices of Authorized Institutions (“AIs”) in respect of Investment and Insurance Products
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25 Sep 2019
Investor Protection Measures in respect of Investment, Insurance and Mandatory Provident Fund Products
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Findings of Mystery Shopping Programme (“MSP”) on Selling Practices of Authorized Institutions (“AIs”) in respect of Investment and Insurance Products
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08 Dec 2014
Selling of Non-Linked Long Term Insurance (“NLTI”) Products
Version History
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