Key Points -
The Fund Manager Code of Conduct will be amended to require fund managers managing collective investment schemes to take climate-related risks into consideration in their investment and risk management...more
• The introduction of an OFC structure in Hong Kong is intended to further develop Hong Kong as an international asset management centre and fund domicile.
• The OFC provides Hong Kong Type 9 licenced managers seeking to...more
7/10/2018
/ Applications ,
Asset Management ,
China Securities Regulatory Commission (CSRC) ,
Collective Investment Schemes ,
Disclosure Requirements ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Incorporation ,
Investment Funds ,
Investment Management ,
Offering Documents ,
Open-Ended Fund Companies (OFCs) ,
Regulatory Oversight ,
Required Documentation ,
Shareholders ,
Tax Exemptions
• The SFC has identified nine common areas of non-compliance in managing funds and discretionary accounts.
• The SFC urged licensed corporations to review their existing internal control procedures and operational...more
10/27/2017
/ Allocation of Funds ,
Anti-Deficiency Provisions ,
Asset Management ,
Asset Protection ,
Asset Valuations ,
Brokers ,
Conflicts of Interest ,
Fund Managers ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Internal Controls ,
Investment Funds ,
Investors ,
Liquidity Risk Management Rule ,
Policies and Procedures ,
Private Funds ,
Receipt of Funds ,
SFO ,
Solicitation ,
Suitability Requirements
•The Commission has identified a number of regulatory concerns with respect to private funds and discretionary accounts, in particular, funds with concentrated, illiquid and interconnected investments.
•The Commission has...more
8/18/2017
/ Asset Management ,
Best Practices ,
Code of Conduct ,
Conflicts of Interest ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Investment Funds ,
Investor Protection ,
New Circular ,
Private Funds ,
Risk Management ,
Senior Managers ,
SFC
Key Points -
- All managers of SFC authorised funds (including overseas managers of SFC authorised funds) are required to enhance internal liquidity risk management processes and procedures in order to implement...more
10/4/2016
/ Corporate Governance ,
Financial Conduct Authority (FCA) ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Investment Funds ,
IOSCO ,
Liquidity Risk Management Rule ,
Monetary Authority of Singapore ,
Securities and Exchange Commission (SEC) ,
Singapore ,
Stress Tests ,
UK
Under the current legal and regulatory regime relating to the establishment of investment funds in Hong Kong, an open-ended investment fund in Hong Kong can only take the form of a unit trust. This is mainly due to the...more
In order to streamline and reduce the processing time of fund authorization processes, the Hong Kong Securities and Futures Commission (SFC) announced the launch of new initiatives to enhance the authorization process for new...more