The Securities and Futures Commission of Hong Kong, SFC, has issued a revised form to be used by mutual funds and unit trusts in case of mergers with another fund/trust, restructuring, termination in case of mergers/restructuring, or withdrawal of authorization. Among others, the form seeks information on
– on the number of units / share affected;
– the latest size (assets under management);
– the reasons for any of the aforementioned activities;
– the (legal) persons bearing the costs for the merger/restructuring, or withdrawal; or
– the tax implications for investors.
—
The new form shall be used for any notifications on or after December 22, 2023.
Other Features
auditing
capital management companies
CIS
clearing
closed-end funds
compliance
custodian
fees
fund management
insurance
issuer
merger
notifications
OFC
open-end funds
process
registration
Date Published: 2023-12-22
Date Taking Effect: 2023-12-22
Regulatory Framework: Securities and Futures Ordinance
Regulatory Type: form
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