The Securities and Futures Commission (SFC) has received positive feedback to its recent consultation aimed at enhancing investor protection, according to Martin Wheatley, the SFC's chief executive.

Speaking at conference in London, Wheatley said: "We have received many well-thought out, detailed and constructive responses to our proposals. We are now reviewing this feedback and all the opinions will be considered carefully."

Proposals contained in the consultation include measures covering the three key stages of an investment life-cycle - pre-sale, sale, and post-sale - such as the introduction of key facts statements and a limited cooling-off period for certain investors.

Wheatley said: "This is an important exercise that will help shape the way investment business is conducted in the retail market, and ultimately help re-build investor confidence in the industry. We will continue to actively engage the industry in discussions so that any changes undertaken will come together as a balanced approach to achieving our regulatory objectives."

The consultation period has now closed.