Regulatory Alerts2017-02-23
Added · Updated
Guidance on selling of investment products and handling of client securities
The Hong Kong Monetary Authority issued this circular to provide guidance on the sale of investment products and the handling of client securities for all authorized institutions. Specific paragraphs within the document have been superseded by subsequent HKMA circulars regarding portfolio-based suitability assessments and the sale of accumulators. The guidance remains a key regulatory reference for wealth management and securities investment product sales practices.
CIR
Current
Paragraphs 3.3 and 3.4 of Annex to the circular have been superseded by the HKMA’s circular dated 23 February 2024 on “Portfolio-based Approach to Suitability Assessment”. Paragraph 4.4 of Annex to the circular has been superseded by the HKMA’s circular dated 14 March 2025 on “Guidance on Selling of Accumulators”.
Issue Date:
23 Feb 2017
20170223-2-EN.pdf (140.6 KB)
Topic:
Wealth Management & MPF - Securities/investment products
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
23 Feb 2017
Guidance on selling of investment products and handling of client securities
CIR
Current
30 Jul 2014
Issues and good practices in relation to the sale of investment products
CIR
Current
12 Jun 2012
Selling of Investment Products to Private Banking Customers
CIR
Current
20 Jan 2012
Applicability of Enhanced Measures to Sales of Investment Products to Private Banking Customers
CIR
Archive
22 Dec 2010
Selling of Accumulators
CIR
Archive
25 Mar 2009
Implementation of recommendations in the HKMA's Report on Issues Concerning the Distribution of Structured Products Connected to Lehman Brothers ("the HKMA's Report")
CIR
Current
23 Feb 2017
Guidance on selling of investment products and handling of client securities
CIR
Current
30 Jul 2014
Issues and good practices in relation to the sale of investment products
CIR
Current
12 Jun 2012
Selling of Investment Products to Private Banking Customers
CIR
Current
20 Jan 2012
Applicability of Enhanced Measures to Sales of Investment Products to Private Banking Customers
CIR
Archive
22 Dec 2010
Selling of Accumulators
CIR
Archive
25 Mar 2009
Implementation of recommendations in the HKMA's Report on Issues Concerning the Distribution of Structured Products Connected to Lehman Brothers ("the HKMA's Report")
Version History
Superseded Document
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