HKMA Circular – Investor Protection Measures in respect of Investment, Insurance and Mandatory Provident Fund Products

The Hong Kong Monetary Authority (HKMA) has issued a circular to set out the finalized guidance on Investor Protection Measures in respect of Investment, Insurance and MPF Products.  With an objective to enhance customer experience while according protection to customers, the HKMA has conducted a holistic review and engaged with the industry to refine the investor protection measures.  Key refinements to the investor protection measures are highlighted in the Circular (1st attachment), with detailed requirements set out in the Annex (2nd attachment). 

The HKMA has also provided their responses to industry’s comments (including comments from PWMA and other associations or industry participants) during the Further Consultation in August 2019 (3rd attachment – HKMA Responses to consultation). 

On a related matter, in September 2019, a meeting was held between representatives of the PWMA and HKMA for an in-depth discussion on practical issues surrounding HKMA’s proposal.  Highlights of the meeting are documented in the attached “HKMA Meeting Takeaways 2019-09-09” (4th attachment). 

HKMA Circulars: