Collective investment schemes definition sfc
WebDefinition of collective investment schemes 2.1 Collective investment scheme is a term introduced under, and defined in Schedule 1 to, SFO to apply to investment products of a ... In authorizing a collective investment scheme, SFC may impose conditions as it considers appropriate. 3.2 According to section 104(2) of SFO, an applicant applying ... WebThe Investments and Securities Act (ISA) No. 29 of 2007 (Section 153) defines Collective Investment Scheme as “a scheme in whatever form, including an open-ended investment company, in pursuance of which members of the public are invited or permitted to invest money or other assets in a portfolio, and in terms of which: Two or more investors ...
Collective investment schemes definition sfc
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Web1 Consultation Paper on the Proposed Regulatory Regime for Depositaries of SFC-authorized Collective Investment Schemes (Consultation) published by the SFC in September 2024. 2 These are collective investment schemes (CIS) authorised for retail distribution by the SFC under section 104 of the Securities and Futures Ordinance … WebDefinition. The concept of soft commissions is widely recognized in SC5 jurisdictions. In most jurisdictions, however, there is no legal or statutory definition of soft commissions …
WebMar 27, 2015 · Mar 27, 2015. The Court of Final Appeal ruled last week in favour of a Hong Kong registered investment advisor and asset manager, Pacific Sun Advisors Limited ( Pacific Sun ), in a much-publicised case concerning the marketing of unanthorised Collective Investment Schemes ( CIS) in Hong Kong1 . Hong Kong has significant … Web5. There is, however, no definition of “similar investment scheme” in the Ordinance. The reference to “similar investment scheme” in section 26A(1A) is intended primarily to cater for investment arrangements established ... (SFC) is given the power, under section 104(1) of the SFO, to authorize collective investment schemes (which ...
WebA local Key Fact Statement (KFS) must be issued based on the investment strategy, fund structure, details, etc. The offering documents (prospectus, HK wrapper, KFS etc.) must … WebDefinition of collective investment schemes 2.1 Collective investment scheme is a term introduced under, and defined in Schedule 1 to, SFO to apply to investment …
WebAug 9, 2024 · SFC’s new initiative to warn against unauthorised investment schemes Hauzen LLP The Securities and Futures Commission (the “SFC ”) launched a new …
WebCommission (“SFC”) in relation to the regulation of collective investment schemes under the Securities and Futures Ordinance (“SFO”) at the Panel’s request. Definition of … laurin haasisWebMay 24, 2011 · Part IV continues to regulate offers of collective investment schemes under sections 103 to 105 (i.e. not as structured products). ... published by the SFC in September 2006. 10. The Definition of Debenture The definition of “debenture” in the CO and the SFO has been amended so that it now includes debenture stock, bonds and … laurin hauptWebe. any scheme which- i. is a collective investment scheme authorized under section 104 of the SFO; or ii. is similarly constituted under the law of any place outside Hong Kong and, if it is regulated under the law of such place, is permitted to be operated under the law of such place, or any person by whom any such scheme is operated; f. laurin hainyWebLiquidity Management Tools in Collective Investment Schemes: Results from an IOSCO Committee 5 survey to members . Final Report . The Board . OF THE. I. ... formal definition to quite granular specifications, including lists of asset classes ... SFC HK India SEBI IN Ireland Central Bank of Ireland IR Israel ISA IS Italy CONSOB IT laurin havlikWeb1. Depositaries3 (trustees and custodians) of publicly offered collective investment schemes (CIS) have important obligations to safeguard scheme assets and conduct … laurin hahnWebMay 25, 2024 · Collective Investment Fund: A collective investment fund (CIF), also known as a collective investment trust, is operated by a bank or trust company and handles a group of pooled trust accounts ... laurin haasWebJan 15, 2024 · Oversight January 2024 - Advertising guidelines amended. This considers changes introduced by the SFC’s new FAQ34A to FAQs on Advertising Materials of Collective Investment Schemes Authorised under Product Codes. Under the Securities and Futures Ordinance (SFO), it is an offence to issue any advertisement with regard to … laurin butter