Hong Kong’s SFC to enhance asset management regulation and point-of-sale transparency
The Hong Kong Securities and Futures Commission (SFC) has launched a three-month consultation on proposals to enhance the regulation of the asset management industry to better protect investors’ interests and ensure market integrity.
The SFC formulated the proposals following a review of the major international regulatory developments, and taking into account observations and views of industry stakeholders.
"A robust and responsive regulatory regime is fundamental to the development and growth of an international asset management centre. As part of the SFC’s broader initiative to enhance Hong Kong’s position as a major international asset management centre, it is important to ensure that our regulations are properly benchmarked to evolving international standards,” says Ashley Alder (pictured), the SFC’s chief executive officer.