Publications & Events |
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Latest Publications & Events |
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Results 1-4 of 4 (66KB) for +licensing with 6 total matches
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SFC Guidance on Requirements for Licensing under the Law: Reliable or Not |
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Market participants seek guidance from the SFC with a view to ensuring compliance with applicable laws. Recently, the SFC has begun to take a more active role in providing such guidance, in many cases discouraging licensed persons from holding a license or indeed, indicating that the SFC will not grant a license based on its own interpretation of the law. As the courts alone can conclusively interpret laws, the SFC's approach is unsatisfactory, placing market participants at risk for breach of applicable laws. In this article, we discuss how market participants should proceed in the face of this dilemma.
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How to Start a Hedge Fund in Hong Kong: Private Client Seminar |
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Recent events have triggered a resurgence in interest in the establishment of hedge funds, both from those eying opportunities in the current market and from those looking to break away from the uncertainties of working for larger institutions. This seminar provides an overview of the key legal issues that are likely to arise when establishing and managing a hedge fund in Hong Kong, covering the choice of fund structure, business licensing requirements and capital raising.
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How to Start a Hedge Fund in Hong Kong: A Legal Primer |
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Hong Kong is a premier centre for hedge fund management in Asia, boasting easy access to North Asia deal flow, world class infrastructure, an internationally regarded regulatory framework and a relatively benign tax environment. This article provides the portfolio manager with an overview of the key legal issues that are likely to arise when establishing and managing a hedge fund in Hong Kong, covering the choice of fund structure, business licensing requirements and capital raising.
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SFAT Casts Doubt on Legality of Introduction Arrangements between Hong Kong Brokers and their Offshore Affiliates |
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A recent determination by the Securities and Futures Appeal Tribunal suggests that the introduction of trades from introducing brokers in Hong Kong to executing brokers based in London, New York or other financial centers may constitute active marketing by these offshore executing brokers, thereby subjecting these offshore executing brokers to licensing requirements. Prior to this determination, the industry generally believed that licensing requirements would not apply. In this article, we review the determination and explore its potential consequences on the industry in Hong Kong.
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