The Securities and Futures Commission of Hong Kong (SFC) launches the Fund Authorisation Simple Track (FASTrack) on 4 November 2024.
The SFC will expedite the processing of applications from simple investment funds by launching the Fund Authorisation Simple Track (FASTrack)
Under FASTrack, the SFC aims to grant fund authorisations within 15 business days after receiving complete and quality submissions from applicants. The new approach will cover simple funds from jurisdictions which have mutual recognition of funds (MRF) arrangements with the SFC.
Director of Investment Products Division, SFC
Chief Marketing Officer, ALFI