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Regulatory requirements

OFCs, whether publicly or privately offered, are required to be registered by the Âé¶¹ÊÓÆµ pursuant to the and have to comply with the SFO, and Code on Open-ended Fund Companies (OFC Code).

Publicly offered OFCs are also required to obtain authorization from the Âé¶¹ÊÓÆµ under section 104 of the SFO, unless an exemption under section 103 of the SFO applies. In line with other publicly offered funds authorized by the Âé¶¹ÊÓÆµ, publicly offered OFCs must also meet the requirements of the Âé¶¹ÊÓÆµ Handbook for Unit Trusts and Mutual Funds, Investment-Linked Assurance Schemes and Unlisted Structured Investment Products (Âé¶¹ÊÓÆµ Products Handbook) (including the Code on Unit Trusts and Mutual Funds (UT Code)).


Last update: 15 Oct 2021

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