Investor Presentaiton
Licensing Requirements for Hedge Funds and Private
Equity Firms in Hong Kong
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The most relevant regulated activities are:
1. Dealing in securities (Type 1)
2. Advising on securities (Type 4)
3. Asset management (Type 9)
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1. Dealing in securities (Type 1)
。 The broad scope of what is meant by "dealing in securities" means that many activities relating to
"securities" are considered by the SFC to constitute dealing, including "securing a deal", and
arguably "sourcing" a deal
。 "Securing a deal": The SFC has begun to refine their interpretation of "dealing in securities" and
"advising on securities" regulated activities.
➤ whether the negotiations being undertaken, whether on an acquisition or a disposal, are an
integral part of "securing the deal"
Morgan Lewis
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