On May 13, 2025, the Hong Kong Securities and Futures Commission ("SFC") and the Ontario Securities Commission ("OSC") signed a Memorandum of Understanding ("MoU") to enhance cross-border investment management supervision. The agreement aims to strengthen regulatory collaboration, facilitate information exchange, and facilitate cross-border services.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On May 13, 2025, the Securities and Futures Commission ("SFC") of Hong Kong and the Ontario Securities Commission ("OSC") of Ontario, Canada, signed a Memorandum of Understanding ("MoU") to enhance cooperation in the supervision of investment managers of collective investment schemes operating in either jurisdiction. This significant agreement was forged on the sidelines of the International Organization of Securities Commissions ("IOSCO") annual general meeting held in Doha, Qatar, earlier today.
The MoU aims to bolster regulatory collaboration and facilitate the exchange of information between the SFC and the OSC. Following the signing, the SFC has designated Ontario, Canada, as an Acceptable Inspection Regime, thereby allowing OSC-licensed managers to provide investment management services for SFC-authorised funds.
Mr. Grant Vingoe, OSC's CEO, hailed the MoU as a pivotal moment, noting that the closer collaboration between Hong Kong and Ontario will open up new markets for regulated firms and promote cross-border information sharing, ultimately safeguarding investors.
Ms. Julia Leung, SFC's Chief Executive Officer, echoed this sentiment, describing the MoU as a vital step towards strengthening regulatory collaboration between the two commissions. She emphasized that fostering cross-market industry collaborations will reinforce the resilience and robustness of capital markets in today's dynamic global landscape.
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