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.
The Securities and Futures Commission (SFC) has released the additional guidance in a circular covering four different aspects including the sale of complex product on an unsolicited basis; the provision of loans to invest; guidance on the implementation of the requirements; as well as clarifying the regulator’s expectation on the disclosure of product information. The requirements are only applicable when a client purchases a complex product on an unsolicited basis, while intermediaries
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