Marketing Investment Products in Hong Kong - the New Regime

MB
Mayer Brown

Contributor

Mayer Brown is a distinctively global law firm, uniquely positioned to advise the world’s leading companies and financial institutions on their most complex deals and disputes. We have deep experience in high-stakes litigation and complex transactions across industry sectors, including our signature strength, the global financial services industry.
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")".
Hong Kong Finance and Banking
To print this article, all you need is to be registered or login on Mondaq.com.

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 in 2003.

Get the Full Updates:

1. Overarching Principles and SIP Code

2. UT Code and ILAS Code

Learn more about our Hong Kong office, Banking & Finance, Capital Market, Investment Funds and Financial Services Regulatory & Enforcement practices

Visit us at www.mayerbrown.com

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.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More