Regulatory Alerts2024-04-18
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HKMA Key Observations on Thematic Review of Non-Exchange Traded Investment Product Distribution
The Hong Kong Monetary Authority issued key observations from a thematic review of registered institutions distributing non-exchange traded investment products. The regulator identified critical failures in product due diligence, where risk ratings were often assigned without adequate consideration of complex features or inherent risks. Additionally, the review highlighted deficiencies in suitability assessments lacking consistency checks and inadequate best execution policies and monitoring procedures.
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