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  4. Streamlined SFC authorisation: FASTrack benefits for Luxembourg-based funds accessing Hong Kong

Streamlined SFC authorisation: FASTrack benefits for Luxembourg-based funds accessing Hong Kong

31 Oct 2024
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Hong Kong Securities and Futures Commission’s (SFC) new Fund Authorisation Simple Track (FASTrack), is a streamlined process for authorising simple funds from Funds in Mutual Recognised (MRF) jurisdictions. The process will begin as of 4 November 2024.

The SFC’s FASTrack expedites the review and authorisation within 15 business days upon complete submission. It applies to equity, bond, mixed funds, and non-complex ETFs from MRF jurisdictions, which includes Luxembourg.

Application and Benefits: Applicants submit an online form, checklist, required documents and payment. The SFC responds within five business days, with approvals finalised in an additional 10 days. Approved funds benefit from fast, cost-effective access to Hong Kong’s investor base.

For more details, the SFC’s FASTrack guide can be accessed here.

Authors

Maggie Kwok Harneys front portrait image on a grey background
Maggie Kwok
Partner | Funds & Regulatory | Hong Kong
Vanessa Molloy Harneys front portrait image on a grey background
Vanessa Molloy
Partner | Funds & Regulatory | Luxembourg
Mirza Manraj Harneys front portrait image on a grey background
Mirza Manraj
Counsel | Funds & Regulatory | Hong Kong
Marco Stefanini
Associate | Funds & Regulatory | Luxembourg