HK regulators outline new hedge fund rules

The consultation paper released at the weekend is likely to generate wild debate about the offering of hedge funds to public investors.

At a conference this Tuesday organised by Hong Kong's Securities and Futures Commission SFC, executive director Andrew Proctor outlined the key points of a consultation paper on the regulation of hedge funds issued by the SFC.

The paper, issued at the weekend, aims to lay the ground rules for the authorization of local hedge funds to be made available to the investing public. Over the next six weeks, the SFC expects to receive a string of submissions from investors, fund managers, distributors and administrators commenting on the proposed legislation. The final date for comment is 7 December and all submissions are to be published on the SFC's website, the first time that...

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