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Leading Case
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Securities and Futures Commission v Pacific Sun Advisors Ltd
Securities and Futures Commission v Pacific Sun Advisors Ltd (2015) 18 HKCFAR 138; [2015] HKCFA 13
Key Principle
The professional-investors exemption to the prohibition on issuing unauthorised advertisements for collective investment schemes (s.103 SFO) applies where the investment is in fact intended to be disposed of only to professional investors, even if the advertisement does not state that fact on its face.
Area of Law
s
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