Non-Hong Kong Investment Funds: Relaxation Of SFC Authorization Practices

Extract

---

Non-Hong Kong Investment Funds: Relaxation Of SFC Authorization Practices

By Timothy Loh and Howard Burchfield III

Hong Kong is an important market for global asset managers. Whilst the Securities and Futures Commission ("SFC") is open to authorizing collective investment schemes ("CIS") based abroad, experience shows that difficulties can arise in the complying with SFC requirements. This is particularly so where the scheme has already been commercialized outside of Hong Kong.

JURISDICTION OF SUB-INVESTMENT MANAGER

...

See the full content of this document

---