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SFC’s proposed suitability requirements for online platforms will be “difficult” to meet, says law firm

Asian Private Banker - Private banks shy away from fully-digitalised onboarding

Hong Kong’s Securities and Futures Commission (SFC) is holding consultations about the proposed guidelines on online distribution and advisory platforms, with much of the discussion revolving around client suitability requirements. The SFC proposes new scenarios that will trigger suitability requirements, based on whether investment products available online are considered ‘complex’. Asian Private Banker speaks to Clifford Chance consultant Helen Fok,…

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