Securities & Futures Commission of Hong Kong

Financial resources rules and financial return

Q1:

What are “authorised unit trusts and mutual funds”? Do they include Real Estate Investment Trusts authorised by the SFC?

A:

“Authorised unit trusts and mutual funds” are those unit trusts and mutual funds which have been authorised by the Securities and Futures Commission (SFC) under Part IV of the Securities and Futures Ordinance. These include Real Estate Investment Trusts authorised by the SFC.

Section reference: Form 12 Part B

Q2:

Should the value of funds/portfolios be reported under Part B of Form 12 if a licensed corporation has delegated its asset management function of the funds/portfolios to other parties?

A:

Yes. This is irrespective of whether the asset management function is delegated to group companies or third parties. 

Section reference: Form 12 Part B

Q3:

If a licensed corporation has been delegated an asset management function, does it have to report the value of assets in respect of which the asset management function has been delegated to it under Part B of Form 12?

A:

Yes.

Section reference: Form 12 Part B

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