Corrections & clarifications

PUBLISHED : Saturday, 18 October, 2008, 12:00am
UPDATED : Saturday, 18 October, 2008, 12:00am

In our article 'Bank to give pair refund on derivatives' on the front page yesterday, we reported: 'An SFC spokesman said it was understandable retail investors might mistake minibonds for corporate bonds, which are relatively risk-free investments.' The SFC spokesman actually said: 'We recognise the apparent misunderstanding of some retail investors that bonds would be relatively risk free. If sales staff misrepresented the features to suggest that minibonds are a safe alternative to deposits, then this would be misleading.'