Regulatory Alerts2022-10-27
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Regtech Adoption Practice Guide Eighth Issue
The Hong Kong Monetary Authority issued the eighth issue of its Regtech Adoption Practice Guide to assist authorized institutions in implementing solutions for sales practices and suitability. The document provides implementation guidance to help banks improve efficiency and meet obligations regarding customer risk profiling, product due diligence, sales advisory, and management supervision. It addresses the challenges banks face amid the growing volume and complexity of financial products sold to customers.
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HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
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