Regulatory Alerts2025-02-17
Added · Updated
Circulars Issued by the Securities and Futures Commission on Listed Closed-ended Alternative Asset Funds and Listed Structured Funds
The Hong Kong Monetary Authority issued this circular to alert registered institutions to recent regulatory guidance from the Securities and Futures Commission regarding listed closed-ended alternative asset funds and listed structured funds. The SFC mandates that intermediaries assess client knowledge, provide specific risk disclosures, and verify net worth before distributing complex alternative funds, while also enforcing strict suitability and conduct rules for derivative-based structured products. Registered institutions are required to implement adequate policies, procedures, and staff training to ensure full compliance with these distribution and authorization requirements.
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