Regulatory Alerts2024-02-23
Added · Updated
Portfolio-based Approach to Suitability Assessment
The Hong Kong Securities and Futures Commission issued this circular on 23 February 2024 to introduce a portfolio-based approach to suitability assessment for registered institutions. The guidance requires firms to evaluate the suitability of investment products based on the client's overall portfolio rather than individual transactions. This document serves as the main circular, with Annex 1 providing implementation guidance and Annex 2 addressing frequently asked questions regarding the new framework.
Topics
Share