Regulatory Alerts2019-08-23
Added · Updated
Update on Requirements for Opening of Accounts Following Amendments to Paragraph 5.1 of the Code of Conduct
The Hong Kong Monetary Authority issued this circular to update requirements for opening accounts following amendments to Paragraph 5.1 of the Code of Conduct. The document addresses regulatory expectations for Registered Institutions regarding banking conduct, enforcement, and wealth management activities. It clarifies the operational standards necessary for maintaining client relationships and managing investment accounts in compliance with current regulatory frameworks.
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