Hong Kong Structured Products Bill ready for first reading

The introduction in Hong Kong of the new laws for structured products took one step closer with the announcement of a first reading for the bill on July 14. A lengthy consultation period that followed the creation of the first draft of proposals has ensured that there will be no surprises, unless supermarket shopping vouchers were your incentive for buying. Richard Jory reports

hong-kong-night
Hong Kong is hoping new regulations will lead to a revival in business

Every stone has been unturned by Hong Kong’s Securities and Futures Commission (SFC) as it nears the implementation of the largest and the most important piece of legislation in the history of structured products to China’s Special Administration Region.

Almost all of the content of the new law was known, with extended consultation with product providers and distributors ensuring that the introduction of a cooling off period that creators had feared would be a ‘free put’ was watered down

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