Introducing Hong Kong's New Corporate Fund Structure: Open-ended Fund Companies
The open-ended fund companies (OFC) regime has come into effect on 30 July 2018. The new OFC structure enables fund managers to establish investment funds in corporate form in Hong Kong. This new structure can be used by public and private investment funds. Prior to the introduction of this new vehicle, open-ended investment funds domiciled in Hong Kong could only be structured in the form of unit trust due to restrictions under the Companies Ordinance.
This seminar aims to facilitate the participants’ understanding of this new fund product structure and the distribution of investment funds in the form of an OFC.
- Background of the new regime
- Legal and regulatory components
- Structure and governance model
- Establishment and post-establishment matters
- Benefits of the new fund vehicle
This seminar is suitable for practitioners in the financial services industry who would like to gain further understanding of open-ended fund companies regime.
Financial Incentive Scheme of the WAM Pilot Programme
Eligible in-service practitioners of the financial services industry could apply for reimbursement of 80% of the course fees, subject to a maximum of HK$7,000 (whichever is lower) upon satisfactory completion of a course / seminar / conference over the three-year period of the Scheme.
Each individual may apply for reimbursement for more than one course / seminar / conference.
Application to reimburse the course fees, together with the required documents, must be submitted within four months from the last day of the course / seminar / conference attended. Please refer to the WAM Pilot Programme website for more details.