2024.02.21
Financial Supervisory Service's Authority on Hong Kong ELS Compensation
The Financial Supervisory Service rebuts claims that courts should set compensation standards for Hong Kong H Index equity-linked securities subscribers, asserting its legal authority under the Financial Consumer Protection Act. They cite Article 33 of the Financial Services and Financial Services Act, emphasizing their responsibility to mediate financial disputes. Amidst a surge in Hong Kong ELS-related complaints, they assure swift resolution through on-site inspections and civil complaint investigations, signaling their commitment to addressing subscriber concerns promptly.
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