HK retail protection: clear as day

Author: | Published: 23 Apr 2019

Since the financial crisis, Hong Kong has been ramping up suitability requirements for investors. In the latest development, the Securities and Futures Commission (SFC) has recently put into place a new code of conduct for intermediaries.

Under the revised rules, which will come into force on July 6, intermediaries must determine whether a product they are selling is "complex". If it is, it cannot be sold to an individual investor – unless the distributor has specifically...