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SFC recognises fintech’s role in remote onboarding

The Securities and Futures Commission (SFC) has published two circulars expanding the scope of acceptable online onboarding processes for overseas clients given technological developments. Issued on Friday, the documents state which procedures are acceptable when onboarding individual overseas clients and highlight amendments made to paragraph 5.1 of the Code of Conduct. Both circulars will take effect on 5 July. According to…

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