Hong Kong - HKMA Issues Circular on Fixed Income and Structured Products Distribution

On 8th February, the HKMA issued a circular setting out some key observations and good practices in relation to the distribution of fixed income and structured products identified by the HKMA during the course of their supervision. The circular is supplemented by Annex 1 which provides further details on good practices, and by Annex 2 which contains the SFC’s recent circular to licensed corporations (“LCs”) on compliance failures identified in the SFC’s onsite inspections and investigations of