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Clifford Chance

Clifford Chance
Briefings

Briefings

Hong Kong Monetary Authority introduces a pre-investment cooling-off period for retail customers

24 June 2010

On 20 May, the Hong Kong Monetary Authority announced the introduction of a Pre-Investment Cooling-Off Period ("PICOP") in relation to sales of non-listed derivative products to retail customers by authorised institutions ("AIs") which must be implemented by 1 January 2011.

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