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.
The Securities and Futures Commission (SFC) will apply additional protective measures to the distribution of complex products on online platforms. The additional measures - which are designed to ensure the suitability of complex products and the provision of product information and warning statements to clients, will also apply to the sale of complex products offline. ‘We have aligned the requirements for intermediaries to conduct suitability assessments of clients in the sale of complex
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