Clifford Chance

Brave new world – SFC consults on proposed guidelines on online distribution and advisory platforms

15 May 2017

The Securities and Futures Commission's (SFC) three-month consultation proposes a new basis for triggering the suitability requirement which hinges on whether an investment product available online is complex, rather than whether there has been any solicitation or recommendation of the product.  The responses to the submission may also have implications for the sale of complex products in the offline world.

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