Changing the balance of protection for non-professional investors — the SFC’s proposals with regard to client agreements
In October 2012, the Securities and Futures Commission (SFC) in Hong Kong published a report that considered, among other things, the appropriateness of the use of so-called ‘exclusion’ clauses in client investment agreements. The SFC noted that such clauses could be misused and stated that it would issue an appropriate response to address its concerns. […]