HONG KONG: SFC formally adopts initiatives to enhance fund authorisation process

Monday April 25 2016

Following a successful six-month pilot period ending on 8 May 2016, the Securities and Futures Commission (SFC) announced that it will proceed to formally adopt its initiatives to enhance the authorisation process for new fund applications (Revamped Process) and for new Mandatory Provident Funds (MPF) and Pooled Retirement Fund (PRF) products.

The Revamped Process will also be extended to applications made by Mainland Funds seeking authorisation under the mutual recognition of funds arrangement between the Mainland and Hong Kong.

The SFC has been closely monitoring the operation of the Revamped Process during the six-month pilot period and has engaged in open dialogue with industry participants to seek their feedback on the process since its launch in November last year.

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