Regulatory Alerts2020-01-24
Added · Updated
Supervisory Policy Manual SB-2: Leveraged Foreign Exchange Trading
The Hong Kong Monetary Authority issues this statutory guideline to regulate the conduct of Authorized Institutions in leveraged foreign exchange trading, specifically addressing unsolicited calls and customer appraisal. The document mandates that institutions implement robust internal controls, ensure staff suitability, and strictly adhere to selection criteria and marketing restrictions when soliciting clients. It further establishes specific standards of conduct for unsolicited communications, including time restrictions, mandatory risk disclosures, and requirements for fair and balanced information presentation.
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