The International Swaps and Derivatives Association (Isda) and the Securities Industry and Financial Markets Association (Sifma) have issued their responses to the Hong Kong Securities and Futures Commission’s (SFC) first and second consultation paper on structured products, issued in September and October 2009, respectively.

The two associations support the codification of existing market practice for structured products, including the introduction of a ‘key facts’ statement for products as out

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