The Hong Kong government on 20 March 2020 published the Limited Partnership Fund Bill ("Bill") which provides for a new limited partnership regime for private funds ("LPF") in Hong Kong.1 As we see a greater number of fund...more
4/8/2020
/ Asia ,
Coronavirus/COVID-19 ,
Delays ,
General Partner ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Investment Management ,
Limited Partnership Funds ,
Private Equity Funds ,
Proposed Amendments ,
Registration Requirement ,
Securities and Futures Ordinance (SFO)
The Hong Kong Financial Secretary announced in his 2019-20 Budget speech that the government was seeking to establish a limited partnership regime for funds (LPF), in order to facilitate industry development while maintaining...more
1/18/2020
/ AML/CFT ,
Anti-Money Laundering ,
Asia ,
Cayman Islands ,
Consultation Papers ,
Counter-Terrorist ,
Financial Services Industry ,
Fund Managers ,
General Partner ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Investment Management ,
Investor Protection ,
Limited Partnerships ,
Private Equity Funds ,
Proposed Legislation ,
Recordkeeping Requirements ,
Registration Requirement ,
Safe Harbors ,
Singapore ,
Stamp Duty Land Tax
Hong Kong is increasingly a popular jurisdiction for fund distribution, given its nexus with the People’s Republic of China. Historically, investment funds usually have been established in the form of offshore mutual funds,...more
10/22/2018
/ Asset Management ,
Business Formation ,
Corporate Taxes ,
Financial Services Industry ,
Fund Managers ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Incorporation ,
Offering Documents ,
Open-Ended Fund Companies (OFCs) ,
Privately Held Corporations ,
Publicly-Traded Companies ,
Qualified Investment Funds (QIFs) ,
Registration Requirement
Recently, the Hong Kong Securities and Futures Commission (SFC) published a consultation paper on the Securities and Futures (Open-ended Fund Companies) Rules (Rules) and Code on Open-ended Fund Companies (Code) which, if...more
8/18/2017
/ Board of Directors ,
Business Formation ,
Corporate Dissolution ,
Corporate Management ,
Corporate Structures ,
Custodian of Records ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Investment Management ,
Open-Ended Fund Companies (OFCs) ,
Registration Requirement ,
SFO ,
Shareholder Rights