Tag: Complex products
Swedish regulator sounds alarm on advice as it suspends provider
Europe | Regulations & Legal
27 Aug 2020 by Pablo Conde
Sweden’s Finansinspektion (FI) has withdrawn the authorisation of securities firm Exceed Capital Sverige AB. According to FI’s decision, Exceed will be suspended and may no longer conduct regulated business as of 2 September.
Banking entities rejoice as Volcker Rule amended
North America | Products
29 Jun 2020 by Lavanya Nair & Pablo Conde
Five US regulatory agencies have announced the modification of the Volcker Rule. Changes will contain specific exclusions and clarifications that can be of benefit to foreign and domestic banks.
International regulator warns of ‘inconsistent’ suitability approaches
International | Regulations & Legal
26 Sep 2019 by SRP News
Iosco has found that definitions of complexity appear to correlate to levels of market development, which, in turn, appear to correlate to robustness of suitability frameworks across jurisdictions.
New SFC rules will create a level-playing field for online, offline distributors
Asia Pacific | Regulations & Legal
04 Jul 2019 by Jihye Hwang
A new set of rules introduced by Hong Kong’s Securities and Futures Commission (SFC) on complex products will take effect this weekend. The new guidelines come into effect after a three-month extension from the initial implementation date.
SFC offers further guidelines on complex product sales
Asia Pacific | Regulations & Legal
13 Jun 2019 by Jihye Hwang
The Hong Kong regulator has published new guidelines setting out the requirements for the online and offline sale of complex products, including structured products, which will become effective early next month.
Structured products drive 34% increase in investment products sales in Hong Kong
Asia Pacific | Industry
07 Dec 2018 by SRP News
The Hong Kong Securities and Futures Commission (SFC) unveils the results of a fact-finding survey on the sale of non-exchange traded investment products and issues circular aimed at intermediaries selling of complex and high-risk products
Mifid 2 definition of ‘complexity’ is not appropriate, DDV
Europe | Regulations & Legal
27 Nov 2018 by SRP News
The department of finance of the University of Tübingen has released a research study on behalf of the German Derivatives Association (DDV) calling for a rethinking of the regulatory approach in relation to the categorisation of complex products under Mifid 2.
Steepeners in the spotlight
North America | Regulations & Legal
19 Nov 2018 by SRP News
Structured notes linked to the Constant Maturity Swap (CMS) rate under investigation after being sold as fixed income products and beyond investor’s life expectancy.
Hong Kong watchdog aligns sale of complex products to prevent regulatory arbitrage
Asia Pacific | Regulations & Legal
04 Oct 2018 by SRP News
Aligning the requirements for intermediaries to conduct suitability assessments of clients in the sale of complex products so they are the same online and offline levels the playing field, provides better protection for customers and prevents regulatory arbitrage, Julia Leung, deputy chief executive officer and executive director of intermediaries at Hong Kong's Securities and Futures Commission.
