News
SFC - Update on OFC pamphlet and webpage on private OFC custodian internal controls requirements
06 Aug 2019
To promote better understanding of OFCs, the SFC has recently published a pamphlet on OFCs, which is accessible on their website via:
https://www.sfc.hk/web/EN/files/ER/PDF/19072318-SFC%20Leaflet(e)%20(1).pdf (traditional and simplified Chinese versions are also available).
Separately, further to the preceding briefing to the HKTA which clarified the internal control and systems requirements for private OFC custodians, the following guidance and forms on OFCs have been updated correspondingly as discussed at the briefing:
· Frequently Asked Questions relating to Open-ended Fund Companies (please refer to Question 22);
We shall keep you posted on further updates.