Regulatory Alerts2013-03-04
Added · Updated
Mystery Shopping Programme in respect of Sale of Investment and Insurance Products
The Hong Kong Monetary Authority issued this circular to outline the Mystery Shopping Programme conducted to evaluate the selling practices of Authorized Institutions regarding investment and insurance products. The document details the findings of the programme, highlighting specific areas where institutions failed to comply with regulatory requirements for suitability assessments and disclosure. It serves as a directive to ensure that Authorized Institutions adhere to proper conduct standards when distributing these financial products to customers.
CIR
Current
Issue Date:
04 Mar 2013
20130304-1-EN.pdf (48.2 KB)
Topic:
Wealth Management & MPF - Insurance products
Wealth Management & MPF - Securities/investment products
Group:
All Authorized Institutions
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Cross referenced Document
Version History
Superseded Document
Directly related Document
Directly related Document
Cross referenced Document
Version History
Superseded Document
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