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PBs worry SFC’s new suitability rules will “kill” execution-only business

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…

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