Tuesday October 1 2024
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Hong Kong
On 30th September 2024, the Securities and Futures Commission (SFC) published updated codes and guidelines for implementing the new Type 13 regulated activity (RA 13) regime governing public fund depositaries, which will take effect on 2nd October 2024.
Under the new regime, depositaries of SFC-authorised collective investment schemes (CISs) operating in Hong Kong are required to be licensed by or registered with the SFC to conduct RA 13.
Depositaries licensed or registered for RA 13 must comply with applicable conduct and regulatory requirements, similar to licensed corporations or registered institutions for other regulated activities.
The updated codes, guidelines and other regulatory information are now accessible on the SFC website and will take effect from 2nd October 2024.
Click on the above link for furtherĀ information
