Hong Kong CIS definition
Hong Kong CIS means collective investment schemes domiciled in Hong Kong (as defined in Section 1 of Part 1 of Schedule 1 to the SFO) which are authorized by the SFC under Section 104 of the SFO in accordance with the Overarching Principles Section and the UT Code.
Hong Kong CIS means a mutual fund, unit trust or other form of collective investment scheme (as defined in Part 1 of Schedule 1 to the SFO) or contemplated under the Unit Trust Code which has been authorised by the SFC under section 104 of the SFO but does not include hedge funds or leveraged funds;
Examples of Hong Kong CIS in a sentence
The SFC recognises that French Management Companies may be appointed as Delegates of the investment management function for Hong Kong CIS, which includes Hong Kong Covered Funds, which are or may be authorized by SFC under Section 104 of the SFO provided that the delegation arrangement complies with the requirements provided in domestic laws and regulations in Hong Kong.