SFC warns distributors on meeting standard for product offering scope

The Securities and Futures Commission (SFC) is targeting distributors of financial products that offer additional returns and other services – such as guaranteed returns and lock-up periods – that are beyond the product features sent out in the offering documents, according to a circular published on 24 October. Distributors should not offer clients any gifts other than a discount of fees or charges in promoting a specific investment product  The Hong Kong SAR financial watc