Key Points -
The Fund Manager Code of Conduct will be amended to require fund managers managing collective investment schemes to take climate-related risks into consideration in their investment and risk management...more
The COVID-19 pandemic has caused significant disruptions to numerous industries and sectors on a worldwide scale in an unprecedented manner. The asset management industry, like so many other business sectors, has proven far...more
In recent years, the Hong Kong Securities and Futures Commission (SFC) has increasingly focused on private equity funds’ obligation to be licensed under the Securities and Futures Ordinance (SFO). In February 2019, the SFC’s...more
• The revised UT Code came into effect on 1 January 2019, with a 12-month transition period for compliance by funds currently registered with the SFC.
• Revised regulatory standards will impact all SFC-authorised funds and...more
The Bipartisan Budget Act of 2015, as modified by the Protecting Americans from Tax Hikes Act of 2015, resulted in a fundamental change in the way the U.S. Internal Revenue Service (IRS) will conduct audits of collective...more
11/22/2017
/ Asia ,
Bipartisan Budget Act ,
Foreign Financial Institutions (FFI) ,
Fund Managers ,
Hedge Funds ,
Income Taxes ,
Investors ,
IRS ,
New Amendments ,
Partnerships ,
Private Equity Funds ,
Protecting Americans from Tax Hikes (PATH) Act ,
Tax Audits ,
Tax Liability ,
Tax Returns
• The SFC has identified nine common areas of non-compliance in managing funds and discretionary accounts.
• The SFC urged licensed corporations to review their existing internal control procedures and operational...more
10/27/2017
/ Allocation of Funds ,
Anti-Deficiency Provisions ,
Asset Management ,
Asset Protection ,
Asset Valuations ,
Brokers ,
Conflicts of Interest ,
Fund Managers ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Internal Controls ,
Investment Funds ,
Investors ,
Liquidity Risk Management Rule ,
Policies and Procedures ,
Private Funds ,
Receipt of Funds ,
SFO ,
Solicitation ,
Suitability Requirements