HK firms largely to blame for fund registration delays
Over 72% of processing time at the SFC is attributed to applicants. To avoid delays in the registration, there must be more collaboration, says Mark Shipman of Clifford Chance.
Hong Kong mutual fund houses are partly to blame for delays in product registration and need to be more efficient when filing paperwork, says Mark Shipman of Clifford Chance.
Product registration can take up to 12 months. Yet 72% of total processing time for new funds is attributed to applicants and just 28% to Hong Kong's Securities and Futures Commission (SFC), notes Shipman, the firm's head of global funds and investment management.
“That’s one statistic that’s a little frig…
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