Tuesday November 6 2007

News Source: Fund Regulation

Focus: General - Fund Regulation

Type: General

Country: Hong Kong




The Hong SFC has published its November Bulletin. This can be found at the above link.

Three interesting topics covered are:

*The recently introduced flexibility for managers to delegate their investment management functions overseas and the `Acceptable Inspection Regime` concept.

*The CEPA IV Arrangements which enable Mainland Asset Managers to come to Hong Kong to operate

*130/30 UCITS III funds – the SFC has recently authorised the first such fund for offer to the Hong Kong public. In authorising 130/30 UCITS III funds, the SFC has requested enhanced disclosure in the fund `s offering document regarding the potential risks and losses due to the use of such a strategy, in particular the exposure in short positions and investments in FDIs.