Web1 May 2024 · The Hong Kong Securities and Futures Commission (SFC) authorisation process, which was updated in 2016 involves the SFC's review of the offering document and constitutive documentation of the applicant fund. The overall processing time of retail fund applications takes two to six months. Web11 Sep 2024 · The regime will cover SFC-authorised unit trusts, mutual funds, OFCs, REITs and pooled retirement funds. [8] The SFC emphasised in the Consultation Conclusions that a custodian must be appointed, regardless of the type of assets underlying a private OFC (as per section 112ZA of the SFO). Eligibility of Sub-custodians
SFC Reminds Fund Industry Participants And Intermediaries Of …
WebAs at 31 December 2024, there were 865 Hong Kong-domiciled SFC-authorised funds (a year-on-year increase of 7%) with a net asset value ( NAV) of HK$1,497 billion (US$192 billion), representing a year-on-year increase in NAV of 5%. 1 2024 was a particularly busy year for registrations of OFCs, with an increase in the number of registered OFCs to … Web29 Jun 2024 · For an existing SFC-authorized ESG fund that is on the SFC’s dedicated ESG funds webpage, fund managers should review the fund’s current disclosures in view of the … communicator\u0027s ys
e-Distribution - SFC
Web28 Feb 2024 · The SFC has entered into mutual recognition of funds arrangements with the Mainland and overseas financial regulators to enable eligible funds authorised by or registered with financial regulators in those jurisdictions to enjoy a streamlined process for the purpose of authorisation for offering to the public in Hong Kong and vice versa. Web17 Sep 2024 · Hong Kong's SFC introduces new bank account and authorised signatory control mandate — Cygnetise NEW: The risks and burdens around employee registers make them ripe for transformation. Read more. Web24 Nov 2024 · The circular imposed a new requirement (effective from 1 January 2024) for ESG funds to conduct and disclose periodic assessment and reporting of how ESG factors are incorporated. The SFC also maintains a publicly accessible central database of all SFC-authorised ESG Funds on its dedicated ESG Funds webpage. duggar counting on 2021