Regulatory Alerts2009-01-09
Added · Updated
HKMA Report on Lehman Structured Products Annex 2: Implementation Plan Requirements
The Hong Kong Monetary Authority issued this document as Annex 2 to its report on the distribution of structured products connected to Lehman Group companies. It mandates authorized institutions to formulate a concrete plan for implementing the regulator's recommendations regarding wealth management practices. This requirement ensures that financial institutions address identified issues and enhance their operational controls to protect investors.
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