In This Issue:
- Hong Kong SFC Report on Selling Practices
- Mandatory Clearing of OTC Derivatives: Intersections Between U.S. and Hong Kong Law
- New EU Transparency Regime for Short Positions
- Oversight Council Pursued U.S. Financial Stability in 2012
- Malta: Recognised Incorporated Cell Companies
- With U.S. SEC Chairman Schapiro Stepping Down, the Path Toward Future Money Market Reform Could Be Uncertain
- Excerpt from Hong Kong SFC Report on Selling Practices
On October 24, 2012, the Hong Kong Securities and Futures Commission issued a “Report on the Thematic Inspection of Selling Practices of Licensed Corporations”, examining the selling practices of 10 licensed corporations (including independent financial advisers, wealth management affiliates of global financial institutions and stock brokers) that are involved in the sale of investment products. The SFC identified varying degrees of deficiencies and shortcomings within the 10 LCs. It is timely for LCs to review their selling practices now, and ensure that they meet the standards referred to in the Report.
Please see full newsletter below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.