A thematic review carried out by the regulators highlights shortcomings and risk factors in due diligence assessment methodologies for non-exchange traded investment products.
The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have uncovered issues with intermediaries’ practices in performing non-exchange traded investment products due diligence and suitability assessment as well as disclosure to clients. According to the joint circular sent out on 18 April, the regulators highlighted that some intermediaries had overlooked key features and risk factors in their product due diligence assessment methodologies
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