21 June, 2018
Hong Kong’s long-awaited open-ended fund (OFC) company structure is due to be launched at the end of next month. The OFC will allow fund managers to establish a Hong Kong domiciled fund in corporate form.
In a series of government gazette notices and publications, on 18 May 2018 the Securities and Futures Commission gave shape to the OFC regime. It is targeted to come into effect on 30 July 2018.
We will shortly be issuing a client bulletin with further commentary, but in the meantime here are some useful links:
- Consultation Conclusions on OFC Rules and OFC Code
- Securities and Futures (Open-ended Fund Companies) Rules
- Securities and Futures (Open-ended Fund Companies) (Fees) Regulation
- Inland Revenue (Amendment) (No.2) Ordinance 2018
- Securities and Futures (Amendment) Ordinance 2016
For further information, please contact:
Mary Nieto, Deacons
mary.nieto@deacons.com.hk
