Regulatory Alerts2025-02-17
Added · Updated
SFC Circular on Listed Closed-ended Alternative Asset Funds
The Securities and Futures Commission issued this circular to clarify the authorization and listing requirements for closed-ended collective investment schemes investing in private, illiquid assets. The document mandates specific criteria including a minimum HK$780 million market capitalization, rigorous management company experience, and strict disclosure obligations regarding valuation risks and capital decumulation. Additionally, it requires intermediaries to conduct knowledge tests for non-professional investors and ensures extensive investor education prior to the distribution of these complex products.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.