Hong Kong: Cost subsidies to set up or re-domicile Open-ended Fund Companies.
Hong Kong: Cost subsidies to set up or re-domicile Open-ended Fund Companies announced as part of budget measures
In his recent 2021-22 Budget Speech, Hong Kong s Financial Secretary confirmed the intended timing for submission of a legislative proposal to allow foreign investment funds to re-domicile to Hong Kong for registration as an Open-ended Fund Company.
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1 the Financial Secretary (“
Financial Secretary“) of the Government of the Hong Kong Special Administrative Region (“
Hong Kong Government“) confirmed the intended timing for submission of a legislative proposal to allow foreign investment funds to re-domicile to Hong Kong for registration as an Open-ended Fund Company (OFC). The Financial Secretary also announced subsidies for the costs of setting up a new OFC or re-domiciling of foreign investment funds registering as an OFC in Hong Kong. The latest measures represent further i
Hong Kong: New developments from the SFC for the Open-ended Fund Company.
Hong Kong: New developments from the SFC for the Open-ended Fund Company regime relating to customer due diligence and custodial requirements
Hong Kong s Securities and Futures Commission (SFC) published a number of developments to its open-ended fund companies (OFC) regime in the last few weeks of 2020. On 23 December 2020, the SFC released both its conclusions ( Conclusions ) on the customer due diligence (CDD) requirements for OFC consultations and updated frequently asked questions (FAQ) relating to OFCs to clarify custodial requirements.
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In brief
Hong Kong’s Securities and Futures Commission (SFC) published a number of developments to its open-ended fund companies (OFC) regime in the last few weeks of 2020. On 23 December 2020, the SFC released both its conclusions (“Conclusions”) on the customer due diligence (CDD) requirements for OFC consultations and updated frequently asked questions (