HK open-ended fund rules “too strict” in some areas
Consultancy CompliancePlus has raised concerns about Hong Kong's proposed rules for a new open-ended fund structure in its submission to the regulator.
Private funds would likely shun Hong Kong's proposed structure for open-ended fund companies (OFCs) because the rules are too stringent in certain areas, said consultancy CompliancePlus in its submission to the local securities regulator.
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