Clifford Chance
FSTB Consults on Open-Ended Fund Companies
25 March 2014
On 20 March 2014 the Financial Services and the Treasury Bureau (FSTB) published a consultation paper on open-ended fund companies (Consultation Paper). The proposals aim to enhance Hong Kong’s legal infrastructure for investment fund vehicles by introducing a new open-ended fund company (OFC) structure. The Government hopes that, through the introduction of this additional structure, Hong Kong’s asset management industry would be further developed when market participants are offered more choice and better flexibility in establishing and operating funds domiciled in Hong Kong, which are currently limited to unit trust structures.
The consultation period will end on 19 June 2014.
