SFC consults on high net worth professional investor requirements

On 23 February 2011, the SFC released consultation conclusions on the requirements for evidencing whether a person qualifies as a high-net-worth professional investor under the Securities and Futures (Professional Investor) Rules (Professional Investor Rules).

Taking a principles-based approach, firms can use any method to prove that an investor qualifies as a high-net-worth professional investor. To enable firms that so wish to continue with existing practices, the current methods for proving that investors qualify as professional investors will be preserved.

Further details are available here