Hong Kong’s Securities and Futures Commission (SFC) has introduced a consultation on proposals to improve the regulation of the asset management industry in the Asian financial hub.
The consultation, which aims at better protecting investors’ interests and ensures market integrity, followed a review of the major international regulatory developments.
SFC CEO Ashley Alder said: "A robust and responsive regulatory regime is fundamental to the development and growth of an international asset management centre.
“As part of the SFC’s broader initiative to enhance Hong Kong’s position as a major international asset management centre, it is important to ensure that our regulations are properly benchmarked to evolving international standards.”
The regulator in a statement said that the proposed changes will be made to its Fund Manager Code of Conduct and the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission (Code of Conduct).