Examples of UT Code in a sentence
State / U.T Code and Pin / Post Code will not be mandatory for Overseas addresses.
The following table defines the UT Code values provided in the Additional Message Info segment (526-FQ).
The term “net derivative exposure” shall have the meaning as defined in 7.26 of the UT Code.
For trustees/custodians whose functions are mainly carried out in Hong Kong, an audit certificate will be required with respect to the trustee/custodian’s internal controls and systems in accordance with Appendix G of the UT Code.
For the purpose of existing management company, please refer to the implementation schedule in the UT Code.
Schemes that are established outside of Hong Kong are normally expected to comply with the applicable provisions of the Handbook, the UT Code and the Published Guidance in order to be authorized in Hong Kong by the SFC for offering to the public in Hong Kong.
The management company of a hedge fund should, amongst others, put in place suitable internal controls and risk management systems commensurate with its business and risk profile in compliance with 8.7(a)(iv) of the UT Code.
If the new management company is in the process of applying for the required licensing / registration status under Part V of the SFO to carry on the required regulated activity at the time of a new fund application, applicants are reminded that the authorization of the new fund application may only be granted by the SFC when, among others, the requirement as provided under 5.6 of the UT Code has been complied with to the satisfaction of the SFC.
An applicant should prepare a KFS in accordance with the requirements under 6.5 to 6.8 of the Overarching Principles Section of the Handbook and 6.2A of the UT Code.
Reference should be made to 1.2 of the UT Code and the List of RJS for further details on the concept of RJS.