Regulatory Alerts2010-05-28
Added · Updated
SFC Circulars on Compliance with New Regulatory Requirements for Investment Products
The Securities and Futures Commission issued circulars on 28 May 2010 to guide licensed corporations, registered institutions, and fund management companies on new regulatory obligations. Intermediaries must implement post-sale cooling-off rights for unlisted structured products, ensure fair administrative charges, and adhere to enhanced disclosure and suitability requirements for investment products. Additionally, the Commission provided specific guidance on investor characterization for derivatives, professional investor criteria, and risk management standards for funds investing in financial derivative instruments.
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