Fund Manager Code Of Conduct Valuation Audit As a financial firm, compliance with regulatory guidelines and maintaining transparency in all aspects of your operations is crucial. According to section 5.3.7 of the FMCC guidelines, it is mandatory for your firm to conduct an annual valuation audit to identify potential issues that may arise and ensure […]
A Comprehensive Guide to Tax Concessions for Family Offices in Hong Kong: Requirements, Qualifications, and Comparisons Profit Tax Concessions for Eligible Family-owned Investment Holding Vehicles and Family-owned Special Purpose Entities Only the assessable profits of FIHVs and FSPEs arising from qualifying transactions and incidental transactions would be eligible for profits tax concessions, which would apply […]
LPF vs OFC: A Comparative Analysis of Hong Kong’s Popular Investment Vehicles Open-ended fund companies (OFCs) and limited partnership funds (LPFs) are two of the most popular investment vehicles in Hong Kong’s investment fund landscape. OFCs were introduced in 2018 and have gained popularity due to their flexibility and suitability for different types of investment […]
Preparing for the New Regulatory Regime: Latest Updates on Type 13 for Trustees and Custodians of Hong Kong Public Funds The Securities and Futures Commission (SFC) has clarified that the scope of the type 13 regime in Hong Kong’s securities and futures industry is limited to top-level trustees or custodians. Delegates, including sub-custodians, are not […]
Challenges with Traditional Client Onboarding: The Need for a Digital Alternative to Improve Efficiency and Reduce Risk Compliance Challenges During Non Face-to-Face Onboarding The rise of online banking and remote customer interactions has led to an increase in non face-to-face #onboarding, which presents unique challenges for financial institutions in terms of compliance with #KYC and #AML regulations. In a case […]
Compliance Insight 06 June 2023 A Comprehensive Guide to Tax Concessions for Family Offices in Hong Kong: Requirements, Qualifications, and Comparisons A Comprehensive Guide to Tax Concessions for Family Offices in Hong Kong: Requirements, Qualifications,… Read More Compliance Insight 06 June 2023 A Comparative Analysis of LPF and OFC: Popular Investment Vehicles in Hong Kong […]
Overview of LPF Company Regime The Limited Partnership Fund Ordinance (Chapter 637) was enacted on August 31, 2020, establishing a new limited partnership fund regime that enables private funds to register in the form of a limited liability partnership in Hong Kong. Under the LPF regime, applicants can apply to the Hong Kong Companies Registry […]
Overview of Open-Ended Fund Company Regime The Open-Ended Fund Company regime was launched on 30 July 2018 after four years of market consultation to further enhance and diversify the fund platform in Hong Kong. It outlines the recent regulatory enhancement to amplify the regulatory environment for the OFCs. The Hong Kong OFCs must be registered […]
Digital Client Onboarding Platform Link. is a proudly developed digital portal owned by Heinbro. It delivers a fully digital end-to-end client journey from initial onboarding to ongoing lifecycle events, that is fast, efficient and compliant to interface with their clients and accelerate the client onboarding and ongoing review process. From straightforward processes like opening an […]
Market Outlook: Banking and Financial Industry in 2021 Banking and financial services sector expected to see a slow recovery in 2021. The global pandemic is causing widespread economic distress for businesses and consumers. While government relief measures have helped ease the financial strain of businesses, the banking industry in Hong Kong SAR is facing rising asset […]
