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PBs face “huge challenge” to meet online suitability requirements

Online suitability requirements are posing a “huge challenge” to private banks busy developing online platforms in Hong Kong, as the Securities and Futures Commission (SFC) judges banks’ suitability processes both online and offline. With the SFC’s proposed guidelines on online distribution and advisory platforms set to come into effect in April 2019, Mark Parsons, partner at law firm Hogan Lovells, said…

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