Regulatory Alerts2022-10-21
Added · Updated
Frequently Asked Questions on Sale and Distribution of Loss-absorption Products
The Hong Kong Monetary Authority and Securities and Futures Commission issued these FAQs to clarify regulatory requirements for registered institutions selling loss-absorption products. The guidance defines the scope of in-scope debt instruments, mandates professional judgment for risk rating and collective investment scheme classification, and permits flexibility in product disclosure. It further exempts execution brokers from specific compliance obligations in shared relationship structures and allows holistic suitability assessments for discretionary portfolio management services.
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