SFC publishes quick reference guides for licensing requirements
The Securities and Futures Commission (SFC) published quick reference guides to help family offices, private equity firms, hedge fund managers and overseas and Mainland industry professionals better understand the SFC's licensing regime.
The guides address frequently-asked questions about licensing topics and provide specific information about licensing carve-outs for family offices, recognition of overseas industry experience and qualifications and the availability of exemptions from examination requirements.
“By providing useful, important and frequently sought information to prospective licence applicants via the quick reference guides, the SFC encourages more family offices and private equity businesses to operate in Hong Kong,” said Mr Keith Choy, the SFC’s Interim Head of Intermediaries. “These are part of the SFC’s ongoing efforts in consolidating Hong Kong’s leading role as a full-fledged international financial centre.”
The SFC is constantly working to enhance the efficiency and transparency of its gatekeeping function. Since it moved to an all-digital environment in 2022, the average processing time for corporate licence applications from private fund managers has been shortened to about 14 weeks.
The quick reference guides are available on the SFC website. Prospective licence applicants can also reach out to the SFC via dedicated contact points, which can also be found on the SFC website.
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