The Securities and Futures Commission (SFC) has gazetted the Securities and Futures Professional Investor Amendment Rules 2011 to implement proposals to refine the requirements for evidencing whether a person qualifies as a high-net-worth professional investor. Taking a principles-based approach, the SFC’s proposals will allow firms to use appropriate methods to prove that an investor qualifies as a high-net-worth professional investor….
SFC refines evidential requirements for proving PI status
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