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
Working Group Issues Consultation Paper -
The working group consisting of six participating countries (Singapore, Australia, South Korea, New Zealand, Thailand and the Philippines) in the Asia Region Funds Passport...more
Licensing Manual for Financial Investment Services Business -
The Financial Supervisory Service (“FSS”) announced a complete revision of the manual for licensing requirements and procedures for financial investment...more
Regulation of OTC Derivatives and Singapore Regulatory Reforms -
The Monetary Authority of Singapore (“MAS”) published a consultation paper on the proposed amendments to the Securities and Futures Act (the “SFA”) which...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
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