24 October, 2018
The SFC and the UK’s Financial Conduct Authority issued a memorandum of understanding on 8 October 2018 establishing a bilateral framework for mutual recognition of cross-border fund offerings to retail investors in the UK and Hong Kong.
Details of this streamlining of processes are available in our client alert of 11 October 2018 and the following bulletin by Lora Froud and Matthew Ridgway of London-based law firm Macfarlanes:
The UK and Hong Kong agree mutual recognition regime for retail fund offerings.
For further information, please contact:
Rebecca Yip, Deacons
rebecca.yip@deacons.com.hk
