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Hong Kong Law

December 2015

Best Boutique Firm 2015

Asian Legal Business Awards

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Charltons - Hong Kong Law Newsletter - Issue 310 - 30 December 2015

Hong Kong Client Agreements

Suitability Requirement paragraph 5.2 of the Code of Conduct

SFC prohibit Non-reliance provisions

New clause required to be included in all client agreements

Contractual right to claim damages under client agreements

Prohibit inclusion of non-reliance provisions in client agreements

Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission

Misdescription of the services to be provided to clients

Professional investors

Institutional Professional Investors

Solicit the sale of or recommend any financial product
New Clause
Corporate Professional Investors
Consultation Conclusions on the Proposed Amendments to the Professional Investor Regime and Further Consultation on the Client Agreement Requirements
Fair and Reasonable Non Reliance Clause