Hong Kong and Thailand: The Future of Asia - Hong Kong & Thailand Mutual Recognition of Funds - New Cross-border Funds Investment Opportunities
Key features The HK-TH MRF operates on the principle that eligible mutual funds that have been approved by a regulator in one jurisdiction (“ Home Regulator“) are, subject to certain conditions, deemed to have complied in substance with the requirements overseen by the regulator of the other jurisdiction (“ Host Regulator“). This enables the application of a streamlined approval procedure to facilitate authorization of eligible funds for further public offering in the host jurisdiction. What are the expected benefits to the mutual funds ecosystem? The HK-TH MRF will be beneficial to d...
Source: globalcompliancenews.com