Hong Kong SFC published the Guidelines on Online Distribution and Advisory Platforms to provide additional protective measures for the sale of complex products in an online environment. Hong Kong SFC published the Guidelines on Online Distribution and Advisory Platform to provide additional protective measures for the sale of complex products in an online environment. As a result, both online platform operators and intermediaries conducting offline transactions should determine whether a product is non-complex or complex.
The ICE Complexity Indicator considers the place of listing for shares and equity derivatives as well as the special features of fixed income instruments and looks for crypto assets embedded in funds to provide the complexity determination of investments as well as the reason for the decision.
Specifications
Key Features
ICE Hong Kong Complex Indicator (HKCI) returns “Complex”, “Likely Non-Complex”, “Non-Complex”, or “Inconclusive” results for listed shares, listed derivatives, fixed income instruments and certain crypto ETFs according to HK SFC regulatory requirement
- The service also returns a reason code explaining why the instrument is complex, e.g. Bond with Special Feature, etc. For Fixed Income, the instrument’s special feature(s) are also indicated.
- Further granularity, such as the type of variable interest (e.g. step up/ step down), can optionally be purchased as additional reference data fields.
Products
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