In the News

New FAQs on HK suitability requirements a “positive development” for private banks, Asian Private Banker

June 18, 2019

Morgan Lewis partner Helen Fok was interviewed for an article in Asian Private Banker about the FAQ published by the Securities and Futures Commission (SFC) that clarifies the offline and online suitability requirements that will be implemented in July 2019. Helen discusses the impact of the clarification on the private banking industry. “I would not consider the SFC FAQ as a relaxation or a leeway but rather, it provides, amongst others, private banks the ability to adopt a risk-based approach in certain circumstances which is a welcome development,” said Helen.

Read the full Asian Private Banker article. (subscription may be required)