SFC and FINMA Sign MoU on Switzerland-Hong Kong Mutual Recognition of Funds

[kreslik.news]

The Securities and Futures Commission (SFC) announced today that it has signed a Memorandum of Understanding (MOU) with the Swiss Financial Market Supervisory Authority (FINMA) on Switzerland-Hong Kong Mutual Recognition of Funds and Asset Managers. This will enable eligible Swiss and Hong Kong public funds to be distributed in each other’s market through a streamlined vetting process.

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Mutual Recognition of Funds

The MoU also establishes a framework for exchange of information, regular dialogue as well as regulatory cooperation in relation to the cross-border offering of public funds.

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