Regulatory Alerts2018-10-30
Added · Updated
Requirements Applicable to Online and Offline Distribution of Non-SFO-Regulated Structured Investment Products
The Hong Kong Monetary Authority issues guidance requiring Authorized Institutions to apply the same suitability and exemption standards to offline distribution of non-SFO-regulated structured investment products as those mandated for online platforms. This directive aims to prevent regulatory arbitrage by adapting specific minimum information and warning statement requirements to suit the offline environment while maintaining consistent customer experience across channels. Authorized Institutions are expected to implement these combined online and offline requirements by 23 August 2019, with limited exceptions available for institutions demonstrating strong justification for an extended transition period.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.