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HKMA further extends suitability deadline for select products

Shortly after the revised suitability regulations were implemented on 6 July, the Hong Kong Monetary Authority (HKMA) issued an FAQ document to clarify which products fall under ‘debt instruments with loss-absorption features and related products’ (loss-absorption products), for which the compliance deadline has been extended by two-to-five months. The latest FAQ highlights that the “policy intention” of the October 2018 circular…

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