SFC sets out suitability requirements for complex products sold via roboadvisers

Roboadvisers should also provide sufficient information to the clients on the key nature, features and risks of a complex product as well as warning statements where appropriate, according to new guidelines related to online distribution and advisory platforms in Hong Kong released by the Securities and Futures Commission (SFC) today (March 28). This is consistent with the requirements applicable to online sales of complex products and with the existing requirement that intermediaries should pr