Regulatory Alerts2008-09-23
Added · Updated
SFC Circular on Investment Products Related to Lehman Brothers
The Securities and Futures Commission issued this circular to remind regulated persons of their obligations to ensure investment suitability and handle client inquiries regarding products affected by the Lehman Brothers bankruptcy. Regulated persons are required to establish dedicated hotlines, proactively communicate early redemption details, and manage complaints fairly for clients holding Lehman Brothers retail structured notes and credit-linked notes. The document outlines the mechanisms for determining redemption amounts, noting that payouts may be significantly less than original investments, and identifies the specific trustees and calculation agents responsible for these processes.
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