The Hong Kong Securities and Futures Commission (SFC) has changed the way it regulates and authorises Ucits manufactured in the UK, notes KPMG Luxembourg in its latest Fund Distribution Alert. The SFC announced on 6 February that it has issued an updated "List of recognised jurisdiction schemes", "List of inspection regimes", and "Application of the Code on Unit Trusts and Mutual Funds on Ucits funds". KPMG notes that these changes reflect the fact that UK domiciled collective investment schemes will no longer be classificed as Ucits, but as "UK Ucits" post Brexit and during the trans...
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