FSR and Corporate Crime Notes
Tag: suitability
Showing 8 out of 8 results
HK SFC launches consultation on Proposed Guidelines on online distribution and advisory platforms and proposes to extend Suitability Requirement
On 5 May 2017, the Hong Kong SFC launched a three-month consultation in relation to proposed guidelines on online distribution and advisory platforms …
SFC issues further guidance on suitability obligations - the cornerstone of investor protection
As foreshadowed in the Consultation Conclusions on the Proposed Amendments to the Professional Investor Regime and Further Consultation on the Client …
New SFC guidance on client agreement requirements
In the light of the queries raised by Herbert Smith Freehills following industry consultation, the Securities and Futures Commission (SFC) has issued …
Hong Kong court rules in favour of investors in mis-selling claim: A departure from the recent trend
Earlier this week, the Hong Kong Court of First Instance handed down its judgment in relation to a mis-selling claim against a bank, ruling in favour of …
Further enforcement action by UK FCA in relation to suitability issues in wealth management
The UK's Financial Conduct Authority (FCA) has imposed a £1,802,200 fine on AXA Wealth Services Ltd (AXA) for failing to ensure the investment …
UK Court of Appeal to consider potential LIBOR claims – Graiseley test case delayed
The Court of Appeal has granted permission to appeal against the decision of the High Court, in Graiseley Properties Ltd & others v …
Courts offer robust assessment of mis-selling claims by high net worth clients
Two court judgments issued in the last few weeks have highlighted the importance of testing properly the evidence of investors who bring mis-selling …
HK: further success for banks in defending investment mis-selling claims
In a decision which continues the general trend of recent pro-bank judicial rulings on mis-selling cases, the Hong Kong Court of First Instance today …