Memorandum of Understanding (MoU) betweenMemorandum of Understanding • January 18th, 2021
Contract Type FiledJanuary 18th, 2021This MoU has been concluded between the SFC and the SEC in light of global financial market growth and increasing cross-border activity in asset management and the offering and distribution of collective investment schemes. Its purpose is to enhance cooperation in relation to (i) collective investment schemes domiciled in either Hong Kong or Thailand and offered to the public in Thailand and/or Hong Kong on a cross-border basis, and (ii) management companies of collective investment schemes, based in either Hong Kong or Thailand, with a view to enriching the types of financial products offered and deepening the mutual access between the two financial markets, according to the Memorandum of Understanding signed on 29 November 2019 between the Government of the Hong Kong Special Administrative Region of the People’s Republic of China and the Government of the Kingdom of Thailand on strengthening economic relations.