Regulatory Alerts2003-01-13
Added · Updated
Guidance on Restrictions for Unsolicited Calls in Relation to Securities or Futures Products and Services
The Hong Kong Monetary Authority issued this circular to provide specific guidance on statutory restrictions regarding unsolicited calls by authorized institutions for securities and futures products. The document mandates that staff must not initiate promotions unless the recipient is an existing client or has expressed interest, and requires non-relevant staff to refer such inquiries to qualified personnel. It further clarifies that distributing standard promotional materials without interactive dialogue constitutes permissible communication, while prohibiting proactive solicitation at public events.
Topics
Share