Hong Kong Proposes To Enhance Investor Protection
Mondaq Business Briefing › Hong Kong Law Articles in English (2009)
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Hong Kong Proposes To Enhance Investor Protection
Article by Angelyn Lim, Kher Sheng Lee and Carmen Cheng The Hong Kong Securities and Futures Commission ("SFC") has announced landmark proposals to overhaul the existing regulatory framework for unlisted investment products in a bid to further safeguard investor interests.
Introduction and Background In its Consultation Paper on Proposals to Enhance Protection for the Investing Public1 (the "Consultation Paper") issued on 25 September 2009, the SFC has published wide-ranging proposals to address some of the perceived short-comings in the current regulatory environment for the sale of unlisted investment products to the public. The proposals were formulated in the aftermath of heavy investor losses from failed investments in certain retail structured products (ge...See the full content of this document
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