As private banks in Hong Kong race to meet the imminent deadline for the new suitability requirements, some industry players worry the rules will “kill” the execution-only business. The Securities and Futures Commission (SFC) set a 6 April deadline for meeting its revised suitability rules for online and offline sales, which instruct banks to carry out product due diligence on…
PBs worry SFC’s new suitability rules will “kill” execution-only business
Have a confidential tip? Get in touch [email protected]





