Regulatory Alerts2024-02-23
Added · Updated
Guidance on Adoption of Portfolio-based Approach to Suitability Assessment
The Securities and Futures Commission issued this circular on 23 February 2024 to provide guidance on adopting a portfolio-based approach to suitability assessment for registered institutions. The document outlines how institutions may evaluate the suitability of investment products based on a client's overall portfolio rather than individual transactions. It includes specific guidance in Annex 1 and addresses common queries in Annex 2 to facilitate compliance with suitability obligations.
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