Hong Kong’s Securities and Futures Commission and the Minibond Fallout

January 28, 2009
Hong Kong’s Securities and Futures Commission recently issued practical guidance to issuers of SFC-authorized collective investment schemes regarding the SFC’s expectations of disclosure standards in fund marketing materials and offering documents. This update reviews the new guidance, which impacts not only the local fund industry, but also European and other offshore asset managers considering tapping the growing pools of wealth in the major Asian wealth management centres of Hong Kong and Singapore.