Hong Kong's new investment rules get mixed reception
The new code for unit trusts wins broad support, but question marks remain over fund statements and the use of VaR for valuing derivatives.
It was clear that Hong Kong, like other jurisdictions, would tighten rules on the manufacture and sale of investment products. Having begun a three-month consultation to this effect in September, the Securities & Futures Commission (SFC) on Friday (May 28) issued the consultation conclusions and the final version of the regulations.
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