UK retail investors are to have access to Hong Kong-domiciled funds following a memorandum of understanding (MoU) signed by the country's regulator and the Financial Conduct Authority (FCA).
The MoU will allow Hong Kong 'public funds' and United Kingdom retail funds to be distributed in each other's market if they are compliant with each nation's specific regulatory requirements. EU regulators prepare for no-deal Brexit with MiFID II back-up plans A range of fund types across active and passive strategies are covered by the MoU, with equity, bond and mixed asset products all available for sale, in addition to feeder funds and funds of funds. For a Hong Kong fund to be distributed in the UK, it must maintain its authorisation through Hong Kong's Securities and Futures C...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
