The Hong Kong Monetary Authority has published guidance for authorised institutions (AIs) to disclose monetary benefits incurred when selling products that are not regulated by the Securities and Futures Ordinance (SFO). The circular, published on Friday, is in line with conclusions reached in the Security and Futures Commission’s (SFC) “Proposals to Enhance Asset Management Regulation and Point-of-sale Transparency”, which highlights regulations…
HKMA sets disclosure standards for transaction of non-SFO regulated products
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