Document background
The Financial Engagement Letter is a critical document used in the Hong Kong financial services industry to formalize the professional relationship between financial service providers and their clients. It serves as the primary agreement outlining the terms under which financial services will be provided, incorporating specific requirements mandated by the Securities and Futures Commission (SFC) and other Hong Kong regulatory bodies. This document is essential when establishing new client relationships or updating existing service arrangements, particularly in contexts involving investment advice, asset management, or financial advisory services. The letter typically includes detailed service descriptions, fee structures, risk disclosures, and compliance requirements specific to the Hong Kong regulatory environment, while also addressing practical aspects such as communication protocols and service limitations.
