Regulatory Alerts2020-07-31
Added · Updated
Simplified Arrangements for Sale and Distribution of Eligible Retail Bonds Issued by Government and Related Organisations
The Hong Kong Monetary Authority issued this circular to streamline the sale and distribution process for eligible plain vanilla and low-risk retail bonds issued by government and related organizations. Registered institutions may execute customer orders without triggering suitability requirements if no solicitation or recommendation is involved, and may adopt a risk-based approach for suitability assessments where such activities occur. Additionally, these institutions are exempt from audio-recording face-to-face sales and implementing companion requirements for vulnerable customers regarding these specific bonds.
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