Hong Kong structured product providers warm to ‘cooling off’ period
New SFC rules will also force dealers to offer secondary pricing
Structured product issuers have generally welcomed the new product code released by the Hong Kong securities watchdog on May 28. These rules govern the sale of unlisted structured products to public investors in Hong Kong.
The rules include a new requirement for a five-day cooling-off period during which investors can change their minds and demand for a refund as well as forcing dealers to offer secondary market liquidity for the products they sell to investors.
The Securities and Futures
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