OFC Code definition

OFC Code means the Code on Open Ended Fund Companies issued by the SFC (as amended, or replaced, from time to time).
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OFC Code means the Code on Open-Ended Fund Companies issued by the SFC, as amended from time to time and supplemented by published guidelines or other guidance issued by the SFC.
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OFC Code means the Code on Open Ended Fund Companies issued by the
Sample 1

Examples of OFC Code in a sentence

  • A statement that the OFC is a public OFC (as defined in 2.18 of the OFC Code).

  • A scheme’s HKOD should comply with all applicable disclosure requirements of the SFC as issued and/or updated from time to time, including the requirements under the Handbook, the UT Code (including Appendix C) and the Published Guidance, as well as the OFC Code in the case of an OFC.

  • If the proposed director is licensed for or registered with the SFC for Type 9 regulated activity, please provide information on such licence/ registration, which would be considered for the purpose of determining whether the proposed director meets the eligibility requirements under the SFO, OFC Rules and OFC Code.

  • Ongoing expenses may be deducted from the assets of a Sub-Fund where these are permitted by the Instrument, the UT Code, the OFC Code and the law.

  • At least 1 of the OFC’s directors must be independent director, who must not be a director or employee of the custodian, to comply with 5.2 of the OFC Code.

  • The OFC Rules enable cross sub-fund investments by an umbrella OFC, and the OFC Code requires disclosure of such investments.

  • In the case of an OFC, the instrument of incorporation must also contain provisions in compliance with requirements under section 112K of the SFO, rule 13(2) of the OFC Rules and 5.5, 8.1, 8.2, 9.1 and 10.6 of the OFC Code.

  • They must submit their profile and vetting authorization form under the Information Checklist, to demonstrate compliance with rule 100 of the OFC Rules and 5.1 of OFC Code.

  • Chapter 8 of the OFC Code requires detailed meeting logistics to be set out in an OFC’s instrument of incorporation.

  • Public OFCs must comply with the requirements of Part I of the OFC Code and the requirements for publicly offered funds set out in the SFC Products Handbook and the UT Code.

Related to OFC Code

  • Federal Regulations means those federal regulations relating to cable television services, 47 C.F.R. Section 76.1 et seq. (and, to the extent applicable, any other federal rules and regulations relating to cable television, including but not limited to, those described in 47 C.F.R. Section 76.3), or as such regulations may be amended.

  • Code means the Internal Revenue Code of 1986, as amended.