Comment Letter Responding to Hong Kong Securities and Futures Commission’s Consultation Paper on the Evidential Requirements Under its Professional Investor rules

MFA filed a comment letter with the Hong Kong Securities and Futures Commission, in response to the SFCs consultation paper on the evidential requirements under its Professional Investor rules. In the letter, MFA expressed support for the adoption of a principles-based approach to the verification of an investor as a high net worth professional investor. We agree with the SFC that this approach would provide firms with greater flexibility, while ensuring that firms are able to demonstrate the basis for their conclusion that an investor has met the required asset thresholds.

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