SFC Proposes Rules and Code for Open-Ended Fund Companies

August 17, 2017

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 adopted, will provide the detailed legal and regulatory requirements for the new open-ended fund company vehicles (OFCs) introduced pursuant to legislation last year1. As opposed to the typical unit trusts, the corporate structure for OFCs would offer tax and regulatory flexibility to investors.

Read "SFC Proposes Rules and Code for Open-Ended Fund Companies".