HK SFC issues “sweeping” circular on private funds
The regulator could create unnecessary work for private equity firms by adopting a new approach, says Philippa Allen, CEO of ComplianceAsia.
Hong Kong’s securities watchdog yesterday yesterday issued a circular expressing concerns about conflicts of interest within some private funds and discretionary accounts. But the regulator's approach could create unnecessary work for many asset managers, argued Philippa Allen, chief executive of consultancy ComplianceAsia.
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