Regulatory ‘changes needed’ for distribution of structured products says Hong Kong SFC

The Hong Kong Securities and Futures Commission (SFC), in its report on issues raised by Lehman Brothers Minibonds to the Financial Secretary, has recommended a number of changes to regulation governing the selling and marketing of structured products in Hong Kong. The Hong Kong Monetary Authority also filed a report containing its observations identified during the process of investigating into the complaints arising from the bankruptcy of Lehman.

The reports compiled at the request of the Financial Secretary, John Tsang, suggest how to improve the regulatory framework and enhance investor protection and education, following the events brought about by the collapse of Lehman in September last year. The SFC's report analyses the current regulatory framework and identifies some specific regulatory issues relevant to the sale of financial products in Hong Kong, including Minibonds and other structured products.

The Hong Kong government will

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here