While retail funds must be authorized by the Securities and Futures Commission (“SFC”) before distribution in Hong Kong, the SFC has no authority to regulate private funds. Unable to touch these funds directly, the SFC has instead imposed new regulatory requirements on licensed asset managers, financial advisers and fund distributors. This article reviews amendments to the Code of Conduct for Persons Licensed by or Registered with the SFC, and the Fund Manager Code of Conduct, highlighting potential difficulties that intermediaries may face in ensuring compliance with the revised codes by August 17, 2018 and November 17, 2018 respectively.
Please read our latest article in the AIMA Journal (Edition 114) using this link:
Founded in 2004, TIMOTHY LOH LLP is an internationally recognized Hong Kong law firm focused on mergers & acquisitions, litigation and general financial markets and financial services matters. The firm is a leader in banking, financial regulation, corporate finance, capital markets and investment funds as measured by its rankings and those of its lawyers in leading independent editorial publications. The firm routinely acts for Fortune Global 500 companies. For more information, visit www.timothyloh.com.
Find out more about how we can help
Contact UsWe use cookies to enhance your experience of our websites and to enable you to register when necessary. By continuing to use this website, you agree to the use of these cookies. For more information and to learn how you can change your cookie settings, please see our Cookie Policy and our Privacy Notice.
