The Hong Kong Monetary Authority (HKMA) has published a circular, encouraging banks to adopt a more holistic approach and use “any methodology as appropriate” when assessing clients’ suitability based on their investment horizons. The circular urges authorised institutions (AIs) to take a “holistic approach” by matching investment products with “all the personal circumstances” of a customer when conducting suitability checks….
HKMA encourages banks to be flexible in assessing product tenor suitability

The Hong Kong Monetary Authority
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