HK disclosure proposals tipped to harm local funds industry
Code of conduct changes planned by the Securities and Futures Commission would raise the barrier to entry for alternative asset managers, say industry experts.
![HK disclosure proposals tipped to harm local funds industry](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2FHK%20central%20crop.jpg&c=1&h=677&q=100&v=20245601&w=1204)
Proposed changes to Hong Kong’s code of conduct rules for asset managers are expected to have a particularly negative impact on smaller private equity and hedge funds.
There has been support for planned measures relating to disclosure of commission payments, covered in the second part of a Securities and Futures Commission (SFC) consultation paper issued on Wednesday.
But the measures in part one, relating to fund managers’ code of conduct (FMCC) are more wide-ranging and potent…
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