HK SFC tells issuers to review risk disclosure and product descriptions

“Recent events show that investors need to be presented with a clearer picture of product risks – they need to understand better how products will operate in extreme market conditions or in the face of bankruptcy,” says Martin Wheatley, chief executive officer at the SFC. “We are reminding issuers of retail investment products that they must exercise their duty more diligently within the current regulatory framework to disclose risks and explain their products.”

The circular, which is directe

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