Regulatory developments in Hong Kong that will open the market to unauthorised funds could also plac...
Regulatory developments in Hong Kong that will open the market to unauthorised funds could also place an added burden on advisers. The Securities and Futures Ordinance (SFO), which is likely to come into force in April next year, will regulate the marketing and solicitation of financial products and services in Hong Kong. At the moment, to market a fund to the public in Hong Kong, a company needs to obtain authorisation from the Securities and Futures Commission (SFC). An unauthorised fund can be marketed to professional investors or a limited placement can be made to less than 50 peo...
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