Investor Presentaiton
Hong Kong Investor ID Regime
Consent from investors - Individual clients
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Hong Kong Investor ID Regime
Relevant Regulated Intermediaries will be required to obtain express consent from their
individual clients for the use of personal data under the two regimes
.
No standard form of client consent would be prescribed by SFC
No need to obtain new consent if both of the following are met:
1) client consent on the use of personal data has already been obtained from these
clients; and
2) the consent expressly includes all purposes of use specified by SFC in the Consent
Circular (which will be substantially similar to those set out in the consultation paper)
Client consent need not to include the purposes prescribed by SFC in exactly the same.
words
The requirement to obtain express consent will not be complied with where the specified
purposes of use may only be implied or inferred from client documentation
Consent can be obtained in writing, by phone and other electronic means (including email
and instant messaging applications)View entire presentation