HK structured product providers warm to 'cooling off' period
The Securities and Futures Commission's new rules will force dealers to offer secondary pricing and give investors a five-day option to back out of longer-dated trades
Structured product issuers have generally welcomed the new product code released by the Hong Kong securities watchdog on May 28 governing the sale of unlisted structured products to public investors, saying the potential impact from the new requirement for a five-day, cooling-off period during which investors can change their minds and demand for a refund would probably be minimal.
The Securities and Futures Commission (SFC) released a new product code for unlisted structured investment products
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