Hong Kong and Thai securities regulators have signed an agreement paving the way for the launch of a cross-border fund distribution scheme between the two jurisdictions.
The Mutual Recognition of Funds (MRF) will allow locally-domiciled funds in Hong Kong and Thailand to be distributed in each other’s markets. It’s scheduled to be launched within six to 12 months.
The agreement “establishes a framework for exchange of information, regular dialogue as well as regulatory cooperation in relation to the cross-border offering of eligible Hong Kong and Thai funds”, Hong Kong’s Securities and Futures Commission (SFC) and the Securities and Exchange Commission of Thailand (SEC) say in a joint statement on January 20.