The Hong Kong Securities and Futures Commission has published its conclusions following a consultation on new regulations proposed to cover the activities of depositaries of SFC authorised collective investment schemes. The changes proposed would affect both the law (legislative) and regulatory code amendments, as it seeks to introduce "Type 13 regulated activity (RA 13), a new regime to regulate depositaries (ie, top-level trustees and custodians) of SFC-authorised collective investment schemes." Subject to the legislative process, the RA13 regime would come into effect by 2 October ...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes