Regulatory Alerts2011-05-24
Added · Updated
Mystery Shopping Programme Findings: Report on Sale of Unlisted Securities and Futures Investment Products in Hong Kong Banking Sector
The Hong Kong Monetary Authority issued this circular on 24 May 2011 to present findings from a Mystery Shopping Programme targeting the sale of unlisted securities and futures investment products. The report details compliance issues identified within the banking sector, highlighting specific deficiencies in how authorized institutions handle customer transactions and disclosures. These findings serve as a regulatory benchmark to enforce higher standards of conduct and consumer protection in wealth management services.
CIR
Current
Issue Date:
24 May 2011
20110524-4-EN.pdf (122.1 KB)
Topic:
Banking Conduct & Enforcement - Consumer Protection
Wealth Management & MPF - Insurance products
Wealth Management & MPF - Securities/investment products
Keyword:
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
24 May 2011
Mystery Shopping Programme ("MSP") Findings
Annex
Current
24 May 2011
Annex 1 - Mystery Shopping Programme Findings (HKMA)
Annex
Current
24 May 2011
Annex 2 - Mystery Shopping Programme Findings (SFC)
CIR
Current
24 May 2011
Mystery Shopping Programme ("MSP") Findings
Annex
Current
24 May 2011
Annex 1 - Mystery Shopping Programme Findings (HKMA)
Annex
Current
24 May 2011
Annex 2 - Mystery Shopping Programme Findings (SFC)
Cross referenced Document
Version History
Superseded Document
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