Market Views: Top challenges for UK-Hong Kong MRF
Regulators have approved a scheme to allow funds to be distributed between Hong Kong and Britain. We asked four funds experts what the prospects are for this new arrangement.
On October 8, Hong Kong’s Securities and Futures Commission (SFC) and the UK’s Financial Conduct Authority (FCA) signed a memorandum of understanding (MoU) for a mutual recognition of funds (MRF) scheme, allowing for the cross-border distribution of approved retail funds.
The MRF with the UK is the fourth such scheme between Hong Kong and another country after similar bilateral arrangements were agreed with China, Switzerland, and France. It is the UK's first cross-border fund dis…
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