On 6 December 2018 the Hong Kong Securities and Futures Commission (“SFC”) issued the consultation conclusions (“the Consultation Conclusions”) on proposed amendments to the Code on Unit Trusts and Mutual Funds, governing investments funds authorised by the SFC for offer to the public in Hong Kong. The revised Code on Unit Trusts and Mutual Funds is now in force with effect from 1 January 2019 with a transition period of 12 months for existing SFC authorised funds and operators.

In this publication, we look into the background of the amendments and the extent of such changes: