Wealth managers and advisers, and distributors in relation to non-retail investment products, for example interests in private equity funds or hedge funds, sustainability linked bonds and other private capital related securities products, will be pleased to see the SFC and HKMA’s latest joint guidance.
The guidance sets out a streamlined approach to suitability obligations when dealing with individual professional investors (and their wholly owned investment companies) who meet financial, knowledge and experience and investment objective tests (SPIs).
Please see full publication below for more information.