Minibonds losses prompt Hong Kong SFC to demand increased disclosure
Hong Kong’s Securities and Futures Commission (SFC) has issued a consultation paper on Proposals to Enhance Protection for the Investing Public, seeking increased disclosure in response to losses attributed to minibonds issued by or referencing Lehman Brothers.
Publication of the 368-page document marks the start of a three-month consultation to gauge public reaction to “proposals to fine-tune regulation governing the sale of unlisted securities and futures products”, the SFC says.
The move is
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