Compliance, Legislative & Regulatory Standards
[Webinar] Latest Enforcement Cases Relating to Suitability Requirement
Overview
According to the findings of the SFC-HKMA’s joint survey released on 7 October 2021, a total of 308 licensed corporations and registered institutions reported selling Non-exchange Traded Investment Products. During 2020, the aggregate transaction amount is HK$5,700 billion, with the participation of over 700,000 investors. It is vital that intermediaries are conversant with the latest Suitability Requirements.
The course will share the enforcement cases relating to Suitability Requirement identified by the SFC and the lessons learnt.
Objective
At the end of seminar, participants should be able to describe the best practices of the SFC’s Suitability Requirement.
Content
1. All licensed and registered persons’ suitability obligations
2. Triggering of Suitability Obligations
3. Suitability Requirement process
4. Latest SFC enforcement cases relating to Suitability Requirement focusing on errors in:
- Conducting client risk profiling
- Products due diligence
- Matching of products
- Documentation and disclosure
- Record keeping
- Others
5. Lessons learnt
Who should attend
Target participants are industry practitioners with basic understanding of the SFC Suitability Requirement.
Speaker/Course Instructor
Dr Lam was awarded the Doctor of Business Administration by Swiss Business School. Before that she attained Master in Finance from the City University of Hong Kong and Master in Human Resource Management and Training from the University of Leicester. Her first degree was with the University of Manchester Institute of Science and Technology.
As for professional attainment, she is an Associate of the Chartered Institute of Bankers and a Certified Banker. She also gained the CFPCM Examination Certificate and the Professional Certificate for ECF Anti-Money Laundering and Counter-Financing of Terrorism.