Regulatory Alerts2018-12-21
Added · Updated
Misconduct Risks in Selling of Investment Funds
The Hong Kong Monetary Authority issued this circular to guide Registered Institutions on preventing and managing misconduct risks, specifically investment fund churning, in the selling of investment products. The document mandates that institutions implement robust management supervision, independent monitoring systems, and realistic incentive structures to ensure recommendations remain in the best interests of customers. It further requires adequate staff training and effective feedback mechanisms to foster a culture of compliance and ethical conduct.
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