Financial News
Written by: Zhang Weilun
2020-12-18 23:00
Last update date: 2020-12-18 23:00
The SFC started a three-month consultation on the proposed amendments to the "Code for Fund Raising Pension Funds".
The proposal will strengthen the requirements of the Securities Regulatory Commission on the operation of these funds, and clearly state the responsibilities of major operators (including product providers, trustees, management companies and insurance companies).
The Chief Executive Officer of the Securities and Futures Commission Oudari said that since employers and employees in Hong Kong are widely involved in occupational retirement plans invested in fund-raising retirement funds, it is particularly important to strengthen investor protection in this area.
The proposed changes will help ensure that our regulatory system is up to date and in line with the purpose of its establishment.
The SFC welcomes the public to submit comments via the SFC website (www.sfc.hk) or via email (prfc-consultation@sfc.hk), post or fax (2805 0007) on or before March 19, 2021.
SFC Oudari