Investor Presentaiton
Legal and regulatory framework for OFC
OFCs
Publicly
offered?
YES
Authorisation in accordance with
existing requirements under Part
IV of the SFO (unless a statutory
exemption applies)
SFC
證監會
NO
AND
SFO
Securities and
Futures
(Amendment)
Ordinance 2016
gazetted on 10
June 2016
New Part IVA
created to
provide legal
framework for
OFC regime
OFC Rules
Subsidiary legislation
Relevant Companies
Ordinance (Cap. 622)
provisions directly set out
in the OFC Rules
Voluntary winding up of
OFCs
(note: court winding-up of
OFCS falls under the
C(WUMP)O)
OFC Code
A non-statutory code
issued by the SFC
•
Provides guidelines
relating to the
registration and post-
registration matters
of OFCS
•
Section General
principles and
requirements
applicable to all
OFCS
Section II:
Requirements
applicable to private
OFCs only
SFC Products
Handbook
•
Code on Unit Trusts
and Mutual Funds
("UT Code") and the
Overarching
Principles in the SFC
Products Handbook
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