•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Matthias Knab reports “live” from the gaimAsia conference in Hong Kong: VK Chopra, member of the Indian securities regulator (SEBI) board, confirmed previous reports (see Opalesque archive) about statements of the SEBI chairman in Singapore earlier this month “inviting hedge funds to register with SEBI and take part in the domestic markets directly” (instead through participatory notes). Mr. Chopra said the SEBI is “trying to make it a little more flexible”. Details are being worked out at this time and will be, amongst other things, the focus of the next SEBI board meeting.

Alexa Lam, member of the board & Executive Director of Intermediaries and Investment Products Division, HK Securities & Futures Commission (SFC) briefly gave an overview on the current regulatory regime in Hong Kong.

SFC regulates hedge fund operators - hedge fund managers get a adviser license from a dedicated SFC licensing team which was set up in 10/2004.

Licensing requirements:

• expertise
• internal controls (modest liquid capital requirement required if assets are not held with the firm)
• Risk management policies and controls
• financial resources
• avoidance of conflict of interests etc.

• Aplicants are invited to welcome to discuss their applications with the SFC directly: “Please come in and talk to us about your plans”
• Metings with p......................

  To view our full article Click here