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4. Open-ended fund companies
   • OFC Structure
   • Regulatory requirements
   • List of Registered OFCs
   • Post-registration matters
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5. Regulatory requirements

OFCs, whether publicly or privately offered, are required to be registered by the SFC pursuant to the Securities and Futures Ordinance (SFO) and have to comply with the SFO, Securities and Futures (Open-ended Fund Companies) Rules (OFC Rules) and Code on Open-ended Fund Companies (OFC Code).

Publicly offered OFCs are also required to obtain authorization from the SFC under section 104 of the SFO, unless an exemption under section 103 of the SFO applies. In line with other publicly offered funds authorized by the SFC, publicly offered OFCs must also meet the requirements of the SFC Handbook for Unit Trusts and Mutual Funds, Investment-Linked Assurance Schemes and Unlisted Structured Investment Products (SFC Products Handbook) (including the Code on Unit Trusts and Mutual Funds (UT Code)).

Last update: 15 Oct 2021