Hong Kong’s Securities and Futures Commission said it will move ahead with revisions to the Code on Unit Trusts and Mutual Funds as part of an effort to refine the city’s retail fund regime. The regulator said the planned changes are intended to improve market efficiency and strengthen investor protection. Specific details have not yet been released and will be set out in a later consultation paper. The SFC also said the review will take account of new product structures, including tokenized funds, as it responds to financial market innovation. A consultation is expected to begin soon to gather feedback from the industry, according to the regulator.
Hong Kong’s Securities and Futures Commission said it will press ahead with revisions to the Code on Unit Trusts and Mutual Funds to optimize the retail fund regime.
The regulator said the changes are aimed at improving market efficiency and investor protection. More detailed proposals will be released in a subsequent consultation paper.
According to the SFC, the revision process will consider new product structures, including tokenized funds, in response to innovation in financial markets. The related consultation is expected to start soon to collect industry feedback.
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