Regulatory Alerts2016-12-28
Added · Updated
Update of Requirement Following the Circulars Issued by the SFC in relation to Suitability Obligations
The Hong Kong Monetary Authority issued this circular on 28 December 2016 to update requirements regarding suitability obligations for authorized institutions. The document specifically notes that the third paragraph of the original circular has been superseded by the HKMA's circular dated 23 February 2024 on the portfolio-based approach to suitability assessment. It serves as a regulatory notice for all authorized institutions involved in wealth management and the sale of securities or investment products.
CIR
Current
The third paragraph of the circular has been superseded by the HKMA's circular dated 23 February 2024 on "Portfolio-based Approach to Suitability Assessment".
Issue Date:
28 Dec 2016
20161228-1-EN.pdf (1.4 MB)
Topic:
Wealth Management & MPF - Securities/investment products
Group:
All Authorized Institutions
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20 Jan 2012
Applicability of Enhanced Measures to Sales of Investment Products to Private Banking Customers
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Implementation of recommendations in the HKMA's Report on Issues Concerning the Distribution of Structured Products Connected to Lehman Brothers ("the HKMA's Report")
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