Investor Presentaiton
OFC structure
Shareholders
OFC Board
Individual directors
are not required to
be licensed by the
SFC but they owe
statutory and
fiduciary duties to
shareholders
Custodian
Safekeeping
of assets
OFC
A collective
investment scheme
structured as a
company with
variable capital
Assets
I
SFC
證監會
Mandatory delegation
of investment
management functions
Investment
Manager
•
licensed/
registered
for Type 9
regulated
activity
A new corporate
structure (in addition to
unit trust form) for
investment funds in
Hong Kong
Not subject to
restrictions under
Companies Ordinance
("CO") on (1) capital
reduction; (2)
distribution out of
capital
Can be used for both
listed (e.g. ETFs) or
unlisted funds
Can be used for both
public and private
funds
Can be used for
closed-ended funds
(i.e. can impose
redemption terms and
conditions subject to
clear disclosure)
5View entire presentation