SFC updates guidance on streamlined measures for SFC-authorised funds

January 2024

On 22 December 2023 (and with effect from the same date), the Securities and Futures Commission of Hong Kong (‘SFC’) issued a circular to management companies of SFC-authorised funds (‘Circular’) updating its guidance on streamlined measures for SFC authorised funds (‘Updated Guidance’). This update came about as a result of the SFC’s recent review of its operational processes and engagement with market participants. The Updated Guidance clarifies and further relaxes certain streamlined measures with the aim of enhancing the operational efficiency and approval processes of SFC-authorised funds when implementing changes and complying with the related obligations on disclosure and reporting.