Regulatory Alerts2024-02-04
Summary of Amendments to the Guidelines for the Offering, Marketing and Distribution of Foreign Funds
Regulatory authorities issued revised Guidelines for the Offering, Marketing and Distribution of Foreign Funds on 5 February 2024 to align with the Guidelines on Categories of Sophisticated Investors. The amendments expand the definition of sophisticated investors and update Appendix 4 to ensure consistent application of these new categories. Additionally, housekeeping changes were introduced to improve clarity, while a new paragraph was added to clarify the determination of related corporations.
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