The Monetary Authority and the Securities & Futures Commission have submitted a report to Acting Financial Secretary Prof KC Chan on the Lehman minibonds incident.

The report analyses the regulatory framework and recommends changes improving Hong Kong's regulatory framework, and enhancing investor protection and education.

The Financial Services & the Treasury Bureau said it will study the report and the recommendations.

The Government's review on the regulatory regime will be conducted thoroughly and pragmatically by taking into account factors like the Hong Kong market's unique characteristics and requirements, the global trend in financial market developments, ongoing reviews by international financial institutions, as well as views from the Legislative Council and the community.

The commission's investigations into the sale of minibonds by all distributors are continuing.