[Webinar] Enhancements to the Open-ended Fund Companies Regime – A Regulator’s Perspective

Overview

Since the implementation of the open-ended fund companies (OFC) regime in 2018, the SFC has kept the OFC regime in Hong Kong under regular review. In light of the latest market and international regulatory developments and feedback received from the industry, the SFC has made some enhancements to the OFC regime to further encourage more private funds to set up in Hong Kong.

This seminar aims to facilitate the participants’ understanding of this fund product structure and the latest enhancements to the regime which took effect on 11 September 2020.

Objective

By the end of the seminar, participants will be able to understand:
- The background and regulatory framework of the OFC regime
- The benefits of adopting the OFC structure
- The latest enhancements made to the OFC regime

Content

1. Background of the OFC regime
2. Legal and regulatory components
3. Structure and governance model
4. Establishment and post-establishment matters
5. Benefits of adopting the OFC structure
6. Enhancements to the OFC regime

Who should attend

The seminar is primarily targeted to fund managers, asset managers, securities brokers, tax practitioners and investors who would like to have a better understanding of and latest update on the OFC regime.

Speaker/Course Instructor

Grace CHAN

Ms Chan practised as a corporate finance lawyer in Hong Kong before joining the Commission, specialising in initial public offerings and M&A transactions. Ms Grace Chan is a Director of the Investment Products Division of the Securities and Futures Commission. Ms Chan is mainly responsible for authorising and regulating retail investment products, including unit trusts and mutual funds, REITs, ETFs and ILAS. She also plays a key role in the Commission’s policy initiatives concerning the asset management industry, such as the introduction of the open-ended fund company structure and the recent review on the regulation on REITs in Hong Kong. Ms Chan is currently a member of the Committee on Real Estate Investment Trusts and the Product Advisory Committee of the Commission. Ms Chan practised as a corporate finance lawyer in Hong Kong before joining the Commission, specialising in initial public offerings and M&A transactions.

Elizabeth WONG

Ms Elizabeth Wong is a Senior Manager of the Investment Products Division of the Hong Kong Securities and Futures Commission. Her work involves the authorisation, registraion and regulation of SFC-authorized investment products, including unit trusts and mutual funds, ETFs and OFCs, as well as Commission-wide policy initiatives including the introduction of the Guidelines on Online Distribution and Advisory Platforms. Ms Wong practised as a banking and finance lawyer in Hong Kong prior to joining the Commission.

Details

Code

TSURE20000901

Date & Time

Monday, 12 Oct 2020 (12:20PM - 1:20PM)

Venue

Virtual Platform

Regulatory Update Series