Regulatory Alerts2024-02-23
Added · Updated
Portfolio-based Approach to Suitability Assessment
The Hong Kong Monetary Authority issued this circular to guide registered institutions in adopting a portfolio-based approach to suitability assessments for wealth management and MPF products. The guidance requires firms to evaluate the suitability of investment recommendations by considering the client's overall portfolio rather than individual products in isolation. This regulatory update aims to enhance investor protection by ensuring that investment advice aligns with the client's total financial situation and risk profile.
CIR
Current
Issue Date:
23 Feb 2024
20240223-2-EN.pdf (142.5 KB)
Topic:
Wealth Management & MPF - Securities/investment products
Group:
Registered Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
23 Feb 2024
Portfolio-based Approach to Suitability Assessment
Annex
Current
23 Feb 2024
Annex 2 - Frequently Asked Questions on Portfolio-based Approach to Suitability Assessment (“PBA”)
Annex
Current
23 Feb 2024
Annex 3 - Previous guidance superseded
CIR
Current
25 Sep 2019
Investor Protection Measures in respect of Investment, Insurance and Mandatory Provident Fund Products
CIR
Current
25 Sep 2019
Investor Protection Measures in respect of Investment, Insurance and Mandatory Provident Fund Products
Annex: Investor Protection Measures in respect of Investment, Insurance and Mandatory Provident Fund Products
CIR
Current
23 Feb 2024
Portfolio-based Approach to Suitability Assessment
Annex
Current
23 Feb 2024
Annex 2 - Frequently Asked Questions on Portfolio-based Approach to Suitability Assessment (“PBA”)
Annex
Current
23 Feb 2024
Annex 3 - Previous guidance superseded
CIR
Current
25 Sep 2019
Investor Protection Measures in respect of Investment, Insurance and Mandatory Provident Fund Products
CIR
Current
25 Sep 2019
Investor Protection Measures in respect of Investment, Insurance and Mandatory Provident Fund Products
Annex: Investor Protection Measures in respect of Investment, Insurance and Mandatory Provident Fund Products
Version History
Superseded Document
You may also be interested in
CIR
Current
22 May 2026
Expected controls for account opening and maintaining relationships with clients with investment accounts Annex 1: Additional measures for opening and managing investment accounts of Chinese Mainland investors
CIR
Current
22 May 2026
Expected controls for account opening and maintaining relationships with clients with investment accounts
CIR
Current
22 May 2026
Expected controls for account opening and maintaining relationships with clients with investment accounts Attachment: Circular to licensed corporations Expected controls for account opening and maintaining relationships with clients