The Securities and Futures Commission of Hong Kong, SFC, has issued a revised form for the reporting of erroneous NAVs to the Commission. The form requires information on
– the investment fund affected by the error (fund name, custodian, fund management company, etc.);
– type of error occurred and the respective error date;
– the duration of the error and the impact upon investors;
– the party responsible for the error and the party who detected the error; and
– the arrangements made by the investment fund to compensate for the NAV error, if necessary.
—
The SFC notes in this context that the form must only be filed with the SFC, if there were investors of Hong Kong in the fund at the time the error occurred.
Other Features
assessment
auditing
CIS
compliance
custodian
investors
notifications
open-end funds
reporting
restrictions
shareholders
standard
UCITS
valuation
Date Published: 2023-12-22
Regulatory Framework: Securities and Futures Ordinance
Regulatory Type: form
Circular to Management Companies of SFC-authorised Exchange Traded Funds (“ETFs”) – ...
ID 26594
The Securities and Futures Commission of Hong Kong (SFC) has issued a new circular address ...
Checklist for Application for Authorisation of Real Estate Investment Trusts
ID 26555
The Securities and Futures Commission of Hong Kong (SFC) has issued a revised version of i ...
Information Checklist for Application for Authorization of Dutch Funds under the ...
ID 26554
The Securities and Futures Commission of Hong Kong (SFC) has issued a revised version of i ...
Joint circular on intermediaries’ virtual asset-related activities
ID 26548
The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority ...