Financial news
Written by: Zhang Weilun
2019-12-06 21:10
Last updated: 2019-12-06 21:10The SFC and the HKMA will conduct joint annual investigations on the sale of non-exchange traded investment products to licensed corporations and registered institutions that carry out Type 1 or 4 regulated activities. The survey's first reporting period is from January 1 to December 31 next year.
The SFC pointed out that the investigation helped the two regulators better understand market trends, identify the risks involved in the sales activities of intermediaries, and coordinate the areas of common concern of the two regulators.
The investigation covers the sales of non-exchange-traded investment products to individual professional investors, some corporate professional investors and non-professional investors.
The transactions of institutional professional investors and other corporate professional investors are outside the scope of this investigation.
The CSRC also pointed out that the two regulatory agencies may adjust the content of coupons used in this investigation in the future in response to changes in circumstances, product development, market trends, newly emerging risks and regulatory needs.
Securities Regulatory Commission
