Regulatory Alerts2009-01-09
Added · Updated
HKMA Report on Issues Concerning the Distribution of Structured Products Connected to Lehman Group Companies
The Hong Kong Monetary Authority issued this circular to direct Registered Institutions to implement specific regulatory recommendations following the Lehman Brothers collapse. Institutions are required to execute the measures outlined in Annex 1 according to a specified timetable and to submit implementation plans for Annex 2 recommendations by the end of March 2009. These actions aim to strengthen the existing regulatory regime and enhance investor protection frameworks for structured investment products sold to retail clients.
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