Hong KongÆs SFC more flexible with jurisdictions
The regulator makes it easier for companies to manage their Hong Kong-authorised funds from jurisdictions other than the normally acceptable ones.
Hong KongÆs Securities & Futures Commission (SFC) has introduced guidelines for managers of authorised funds to delegate their investment management functions in more jurisdictions overseas. The move was in response to the globalisation of fund management firms and the growing trend for fund houses to set up local affiliates close to the markets in which they invest.The SFC requires the investment management operations of the fund management company or investment delegates of an a…
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