The Securities and Futures Commission of Hong Kong (SFC) and the China Securities Regulatory Commission (CSRC) issued a joint announcement on 25 November 2016 approving the launch of the long-awaited Shenzhen-Hong Kong Stock...more
The official announcement of the launch of the long-awaited Shenzhen-Hong Kong Stock Connect was jointly made by the Securities and Futures Commission of Hong Kong (SFC) and the China Securities Regulatory Commission (CSRC)...more
Similar to the situation in many other jurisdictions, fund managers, banks and other market participants in Hong Kong were, until recently, not required to apply the same regulations to high net worth, corporate or...more
The Inland Revenue (Amendment) (No.2) Ordinance 2015 (the “Amendment Ordinance”) came into effect on July 17, 2015, extending Hong Kong profits tax exemption to offshore private equity (“PE”) funds....more
1st Day of Christmas – UCITS V* -
The UCITS V Directive (UCITS V) introduces specific provisions on:
- (i) eligibility, liability and delegation of depositaries;
- (ii) remuneration policies;...more
12/23/2015
/ Accredited Investors ,
China ,
Derivatives ,
Dodd-Frank ,
ETFs ,
EU ,
European Securities and Markets Authority (ESMA) ,
FATCA ,
Foreign Ownership ,
Form D Filing ,
Fund Managers ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Hong Kong Stock Exchange ,
Hong Kong’s Financial Services Development Council (FSDC) ,
Liquidity Risk Management Rule ,
Mutual Funds ,
Open-Ended Fund Companies (OFCs) ,
Over The Counter Derivatives (OTC) ,
Private Funds ,
Securities and Exchange Commission (SEC) ,
UCITS ,
UK
The Hong Kong Securities and Futures Commission (SFC) formally announced on 9 October 2015 the long-awaited overhaul of the retail fund authorization process, which comes into effect on 9 November 2015 for a six month trial...more
On 1 July 2015, two significant developments in the Asian funds space will come into effect. Hong Kong’s Mutual Recognition of Funds Scheme (MRF) with the PRC will – for the first time – allow international managers to...more
In March of this year, the Hong Kong government issued an industry consultation paper (Proposal) introducing a new regime for establishing Hong Kong-domiciled open-ended fund companies (OFCs) that might be structured as...more
Hong Kong introduces a new electronic trading regulatory regime with effect from 1 January 2014, when all licensed and registered persons in Hong Kong that conduct electronic trading of securities and futures contracts listed...more
The Hong Kong Government has been keen to demonstrate its willingness to evolve and focus its efforts on the overall growth of the Hong Kong financial services industry. Recent proposals to make fund-friendly changes to Hong...more
It has been a busy summer for securities regulators in Hong Kong and on the Mainland. Recent press coverage indicates that the regulators are closer now to making the Mutual Fund Recognition Scheme (the “Scheme”) a reality,...more
Since a public statement by the Hong Kong Securities and Futures Commission (SFC) in January regarding the new Hong Kong-China Mutual Funds Recognition Passport scheme, there have been no additional formal announcements by...more