The Securities and Futures Commission (SFC) of Hong Kong has identified a number of compliance failures during a probe of the distribution of complex bonds and structured products by licensed corporations (LCs), the regulator stated in a circular published today. LCs are required to conduct 'proper due diligence' of their obligations to comply with the suitability requirement and, in particular, standards for product due diligence, measures to identify whether any suitability obligation has bee

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