Tag: Suitability
SFC fines Bank of China over internal system and control failures
Asia Pacific | Regulations & Legal
18 Mar 2019 by Pablo Conde
Hong Kong regulator reprimands and orders BOCI Securities Limited to pay HK$10 million (US$1.3 million) for regulatory breaches in selling investment products
US watchdog points at overconcentration of complex structured notes in investors’ portfolios
North America | Regulations & Legal
11 Dec 2018 by SRP News
Latest Finra report suggests firms selling structured notes and other 'complex' products need to strengthen their compliance programs and supervisory controls
Spain’s Banco Sabadell ordered to redress investor for ‘unsuitable’ sales
Europe | Regulations & Legal
26 Nov 2018 by SRP News
Section 14 of the Provincial Court of Madrid has declared void a structured deposit sold by Banco Sabadell to retail investors. The ruling confirms a previous decision by the Court no. 51 of Madrid of January 29, 2018, in which the bank was ordered to redress the investor with the capital invested plus any interest accrued over the life of the product.
Israel regulator opens market to structured notes, all ETNs to become mutual funds
Middle East & Africa | Regulations & Legal
13 Nov 2018 by SRP News
The Israeli Securities Authority has published draft regulations regarding the public offering of structured notes.
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.
