The regulator is aiming at expanding product offerings and enhancing competition in the country.
The Hong Kong Securities and Futures Commission (SFC) is proposing to accept the Value-at-Risk (VaR) approach in the retail fund framework, alongside the existing net derivative exposure limit. Funds that adopt the VaR approach would be permitted by the regulator on a case-by-case basis In a three-month consultation paper released on 22 October, the city's financial regulator proposed amendments to the code on unit trusts and mutual funds, including allowing an alternative approach for manag