Most Read Contributor in Hong Kong, September 2016
Originally published 9 June 2010
Keywords: marketing investment products, Hong
Kong, monetary authority, Securities and Futures Commission, SIP,
UT Code, ILAS Code
Following an extensive public consultation process, the
Securities and Futures Commission has published its
Consultation Conclusions on Proposals to Enhance Protection for
the Investing Public and the final form of the SFC
Handbook for Unit Trusts and Mutual Funds (which contains the
"UT Code"), Investment-Linked Assurance Schemes
(the "ILAS Code") and Unlisted Structured Investment
Products (the "SIP Code").
The Hong Kong Monetary Authority has also issued a circular to
authorised institutions on Implementation of Pre-investment
Cooling-off Period for Retail Customers.
Financial institutions will need to take a number of steps to
comply with the enhanced regulatory requirements. This is the most
significant change to regulation of investment products in Hong
Kong since the introduction of the Securities and Futures Ordinance
Copyright 2010. JSM, Mayer Brown International LLP
and/or Mayer Brown LLP. All rights reserved. Mayer Brown is a
global legal services organization comprising legal practices that
are separate entities ("Mayer Brown Practices"). The
Mayer Brown Practices are: JSM, a Hong Kong partnership, and its
associated entities in Asia; Mayer Brown International LLP, a
limited liability partnership incorporated in England and Wales;
and Mayer Brown LLP, a limited liability partnership established in
the United States. The Mayer Brown Practices are known as Mayer
Brown JSM in Asia.
This article provides information and comments on legal
issues and developments of interest. The foregoing is not a
comprehensive treatment of the subject matter covered and is not
intended to provide legal advice. Readers should seek specific
legal advice before taking any action with respect to the matters
discussed herein. Please also read the JSM legal publications Disclaimer.
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