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05 May 2023

Summary of the Consultation Conclusions of the SFC proposal to implement a regulatory regime for depositaries of SFC-authorised CIS

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After receiving general support for a proposed regulatory framework in the public consultation for a proposed regulatory framework for depositaries of SFC-authorised collective investment scheme in September 2019, the Hong Kong Securities and Futures Commission published a new consultation in February 2022 regarding the proposed amendments to subsidiary legislation SFC codes and guidelines to implement the new regulatory framework. The consultation period for the second consultation closed in April 2022 and the SFC published the consultation conclusion in March 2023.

To understand more about the comments made by the SFC in response to the public consultation as well as how this may affect you, please click here to read the article.

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