Regulatory Alerts2012-10-24
Added · Updated
SFC Circular Regarding Report on Thematic Inspection of Selling Practices of Licensed Corporations
The Securities and Futures Commission issued a circular releasing findings from its thematic inspection of selling practices among licensed corporations. The regulator identified specific deficiencies in management oversight, suitability assessments, use of disclaimers, compliance with the Code of Conduct, and professional investor eligibility verification. Intermediaries are required to critically review their policies and procedures to address these issues and strengthen their compliance programmes.
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.
Topics
Share