Hong Kong regulator accused of delaying approval process for structured products
The Hong Kong Securities and Futures Commission (SFC) has postponed the approval of structured retail note documentation, but issuers who possess active equity-linked investment programmes (ELIs) can still issue products, say product providers. The move comes amid SFC investigations into the mis-selling of structured products following the bankruptcy of Lehman Brothers. The SFC will issue a report on the structured products sales process in Hong Kong at the end of December.
"The SFC is not
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