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New FAQs on HK suitability requirements a “positive development” for private banks

The Securities and Futures Commission (SFC) published a circular last week to provide further clarification for its online and offline suitability requirements, which are due for implementation on 6 July 2019. In the FAQs published last Thursday, the SFC reiterated its point in a previous guiding document that the categorisation of complex and non-complex products should only be made when…

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