Regulatory Alerts2023-11-29
Added · Updated
Sale and Distribution of Green and Sustainable Investment Products Annex II: Frequently Asked Questions
The Hong Kong Monetary Authority and Securities and Futures Commission issued this guidance to clarify the applicability of expected standards for registered institutions marketing green and sustainable investment products. The document specifies that institutions must conduct thorough due diligence and maintain clear policies when relying on third-party information, while noting that product certification is not mandatory. It further clarifies that enquiring about customer sustainability preferences is optional and that recommendations may align with or deviate from stated preferences based on product availability and other customer circumstances.