Thursday January 25 2018

News Source: Fund Regulation

Focus: Other

Type: General

Country: Hong Kong




On 25th January 2018, the Securities and Futures Commission (SFC) updated the Q&A on post authorization compliance issues of SFC-authorized unit trusts and mutual funds. The Q&A’s cover topics such as:

  • When will the revamped post authorization procedures begin to apply?
  • What would happen if an applicant fails to meet the Response Time Limits?
  • Will the SFC extend the application beyond the applicable Lapse Period?
  • Under what circumstances will the AIP granted by the SFC cease to have effect?
  • What types of scheme change(s) will fall within 11.1B of the UT Code which are not subject to SFC’s prior approval?

Please click on the above link for more information.