HONG KONG: SFC Further Streamlines Measures for Authorised EU-Regulated Retail Funds

Friday November 28 2025

On 28^th November 2025, the Securities and Futures Commission (SFC) announced a series of streamlined post-authorisation measures for UCITS funds in a circular to facilitate their implementation of changes that are following their home jurisdiction regulation.

Recognising that UCITS funds offer robust investor protection on par with Hong Kong’s standards, the SFC considers further streamlining appropriate after its thorough review and engagement with market participants. With the measures coming into effect, the SFC estimates a drop of about 50% in the number of schemes change applications submitted by UCITS funds for its approval.

Under the streamlined measures, the SFC no longer requires UCITS funds to seek its prior approval for changes to depositories and investment delegates supervised by the fund’s home regulator. Nor is the SFC’s approval needed for material changes in investment objectives, policies and restrictions which comply with its home jurisdiction requirements. Additionally, the SFC aligns its notification requirements with those of the fund’s home jurisdiction.

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