Regulatory Alerts2023-11-29
Added · Updated
Sale and Distribution of Green and Sustainable Investment Products
The Hong Kong Monetary Authority issued this circular to establish expected standards for the sale and distribution of green and sustainable investment products by registered institutions. The guidelines require firms to implement robust policies, including product due diligence and classification frameworks, to mitigate greenwashing risks and ensure adequate customer disclosures. Registered institutions must review their procedures and comply with these standards within twelve months of the circular's issuance.