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Circular to Licensed Corporations - Asset and Wealth Management Activities Survey 2020
1. Background As an annual exercise to collect information on asset and wealth management activities in Hong Kong for regulatory and...


BVI Approved Manager - Guidance on the AML/CFT Return
1. Background The BVI Financial Services Commission (the “FSC”) has issued the Financial Services (Prudential and Statistical Returns)...


New regime for the regulation of close-ended funds in the BVI
The Securities and Investment Business (Amendment) Act, 2019 (the “SIBA”) and the Private Investment Funds Regulations, 2019 (the...


Cayman Private Funds and Exempted Mutual Funds are Required to Register With CIMA
On 7 February 2020, the Cayman government published the Private Funds Law, 2020, the Private Funds (Savings and Transitional Provisions)...


Foreign Inheritance Under the Chinese Law and Succession of Shares in BVI Companies
1.Application of Law According to Article 31 of the Law of the People's Republic of China on the Application of Laws to Foreign-related...


Transfer of Shares in a Hong Kong Company
What is the process of transferring of shares in Hong Kong? According to the regulations of the Hong Kong Companies Ordinance, all...


Investment Funds in the British Virgin Islands
I. Regulatory Framework Overview: The investment funds industry in BVI is regulated by the Financial Services Commission (the “FSC”) and...


Virtual Asset (Service Providers) Law, 2020, of the Cayman Islands
Overview: In late May 2020, Cayman Islands Government officially passed five new and amended legislative acts that establishes a new...


Licensing of Mutual Fund Administrator in the Cayman Islands
The Cayman Islands is one of the best offshore jurisdictions in which to establish a mutual fund. It also boasts the presence of...


Luxembourg Investment Vehicles
I. Overview: Luxembourg, as the biggest domicile for investment funds in Europe, with a stable political and social environment, the...


Mutual Funds in the Cayman Islands
I. Overview: The Mutual Funds Law (2020 Revision), as the principal Cayman Islands legislation applicable to investment funds, regulates...


Singapore Capital Markets Services (CMS) License - Foreign Exchange Trading
1. Who needs to apply? Companies which may be required to hold a CMS license include broker-dealers, corporate finance advisers, credit...


Open-ended Fund Company (“OFC”) – the Corporate Investment Fund Vehicle in Hong Kong
Traditionally, due to the restrictions of the Companies Ordinance (the “CO”) of Hong Kong, an open-ended investment fund which proposes...


Licensing of Trust Companies in the Cayman Islands
The Cayman Islands is one of the leading jurisdictions for the establishment and management of trusts with worldwide recognition of the...


Minority Shareholders Protection in the Cayman Islands
In general, the rights of shareholders of Cayman Islands domiciled companies are governed by the provisions of the Companies Law (2020...


Cross-border Investment Channels in China(QDII/RQDII/QFII/RQFII/QFLP Regimes)
As China’s economy transitions from a planned economy to a market economy, the rapid economic growth over the past three decades has...


Investment Funds in Singapore
Singapore represents a promising investment opportunity for individuals who want to gain exposure to a unique emerging market in...


Hong Kong Limited Partnership Fund Bill
At the meeting of the Executive Council on 17 March 2020, the Council ADVISED and the Chief Executive ORDERED that the Limited...


International Securities Identification Number
What is ISIN code The word ISIN stands for International Securities Identification Number. ISINs are used worldwide by most of the worlds...


The Judicial System in the British Virgin Islands
The British Virgin Islands (BVI) is famous known for its role as a holding company jurisdiction in the light of corporate flexibility,...
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