Hong Kong - SFC updates Code of Conduct disclosure requirements for benefits received in relation to discretionary accounts

On 23rd May 2018 the Securities and Futures Commission (“SFC”) published the Consultation Conclusions on Proposed Disclosure Requirements Applicable to Discretionary Accounts (the "Conclusions"). The Conclusions address the proposals the SFC had put forward in Part III of the November 2017 document “Consultation Conclusions on Proposals to Enhance Asset Management Regulation and Point-of-sale Transparency and Further Consultation on Proposed Disclosure Requirements Applicable to Discretionary A