SFC refines evidential requirements for proving PI status

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….

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