Regulatory Alerts2018-02-08
Added · Updated
SFC Circular on Compliance Failures in Distribution of Fixed Income and Structured Products
The Securities and Futures Commission issued this circular to address compliance failures identified during inspections of licensed corporations distributing complex bonds and structured products. The regulator mandates that firms enhance product due diligence, provide adequate staff training, and implement robust suitability assessment frameworks to ensure appropriate risk disclosure and client matching. Senior management is held primarily responsible for maintaining effective oversight and rectifying deficiencies in sales practices and record-keeping to safeguard investor interests.
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