In August 2021, the Securities and Futures Commission of Hong Kong ("SFC") published the Consultation Conclusions on the Management and Disclosure of Climate-Related Risks by Fund Managers ("Consultation Conclusions"), that...more
Earlier this year, the Hong Kong government introduced the Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021 which drew much attention from the global private equity market. On 7 May 2021, the...more
On 30 June 2020, the Hong Kong Inland Revenue Department (IRD) published Departmental Interpretation and Practice Note No. 61 (DIPN 61) on the Profits Tax Exemption for Funds. DIPN 61 clarifies the IRD’s interpretation and...more
In light of an increasing demand for virtual asset investment products, the Hong Kong Securities and Futures Commission (SFC) has been taking steps to clarify the legal and regulatory requirements for this market. In this...more
11/6/2019
/ Asset Management ,
Digital Assets ,
Digital Currency ,
Fund Managers ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Investment Funds ,
Investment Management ,
Investment Portfolios ,
Investors ,
Licensing Rules ,
Portfolio Managers ,
Terms and Conditions ,
Utility Tokens ,
Virtual Currency
The Guidelines on Online Distribution and Advisory Platforms (Guidelines) issued by the Hong Kong Securities and Futures Commission (SFC) will become effective on 6 July 2019. With the recent expansion of various online...more
7/3/2019
/ Code of Conduct ,
Complex Financial Products ,
Derivatives ,
Final Guidance ,
Governance Standards ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Investment Funds ,
Investment Products ,
Online Platforms ,
Operators ,
Public Consultations ,
Robo-Advisors ,
Suitability Requirements
The China Securities Regulatory Commission (CSRC) earlier this year invited public comments on a new consolidated regime under draft regulations (Draft Regulations) for Qualified Foreign Institutional Investors (QFIIs) and...more
After a year of consultation with the mutual funds industry regarding changes that aim to modernise the regulatory regime for SFC-authorised funds, the Hong Kong Securities and Futures Commission (SFC) revised the Code on...more
4/16/2019
/ Amended Rules ,
Derivatives ,
Eligibility ,
Financial Derivative Instruments (FDIs) ,
Financial Services Industry ,
Fund Managers ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Investment Funds ,
Mutual Funds ,
Operational Requirements ,
Prospectus ,
Securities Financing Transactions (SFTs) ,
Transitional Arrangements ,
Unit Trusts
On March 21, 2019, the Central Bank of Ireland (CBI) confirmed its approval of the use of Bond Connect for Irish-authorised UCITS and Alternative Investment Funds (AIFs). In addition, the CBI reiterated that Irish-authorised...more
Following an initial “soft” consultation with industry participants and relevant stakeholders, the Securities and Futures Commission (SFC) launched a three-month consultation on proposed amendments to the Code on Unit Trusts...more
4/5/2018
/ Asset Diversification ,
Capital Requirements ,
Closed-End Funds ,
Custodians ,
Derivatives ,
Disclosure Requirements ,
ETFs ,
Financial Reporting ,
Financial Services Industry ,
FSB ,
Hedge Funds ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Index Funds ,
Internal Controls ,
Investment Funds ,
Investment Portfolios ,
Investor Protection ,
IOSCO ,
Loans ,
Management Companies ,
Money Market Funds ,
Multinationals ,
NAV ,
Over The Counter Derivatives (OTC) ,
Pooled Investment Vehicles ,
Public Consultations ,
Public Funds ,
Retirement Funds ,
Risk Management ,
Securities ,
Securities Financing Transactions (SFTs) ,
SEHK ,
SFC ,
Trustees ,
UCITS