Hong Kong introduces measures to ease Ucits III

Hong Kong has adopted interim measures to ease the processing of Ucits III fund applications and announced plans to abolish estate duty tax to boost its role as an asset management centre. The Securities and Futures Commission (SFC) in Hong Kong has implemented the interim measures for funds domiciled in Luxembourg, Dublin and the UK. It said the aim of the interim measures is to ensure there is sufficient disclosure of information for the "Hong Kong investors to make informed investment decisions and that suitable risk management measures are undertaken". At the end of March, the SFC iss...