25 November, 2012
Legal News & Analysis – Asia Pacific – Hong Kong – Regulatory & Compliance
Miscellaneous amendments to Hong Kong’s Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission will come into effect on 1 December 2012. The changes include:
- the obligation to report suspected market misconduct by clients
- the prohibition of the use of mobile phones for taking client orders
- the requirement for third party authorisations to be in writing
- it will generally not be permissible to prevent staff from providing expert witness services
For further information, please contact:
Jane McBride, Partner, Deacons