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 and Securities and Futures Commission establish simplified regulatory arrangements for the sale and distribution of eligible retail bonds issued by the HKSAR Government, the Central People’s Government, and related entities. These arrangements permit physical segregation in non-deposit-taking areas, waive audio-recording requirements for face-to-face transactions, and exempt vulnerable customers from companion requirements. Additionally, the guidelines clarify that factual disclosure of fee discounts does not constitute solicitation, thereby avoiding the triggering of suitability obligations for these low-risk, non-complex products.
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