The Securities and Futures Commission (SFC) has started accepting applications for Type 13 regulated activity (RA13) under a new regime that will place depositaries of SFC-authorized collective investment schemes under its direct supervision. To operate in Hong Kong, depositaries must submit their RA13 applications through the SFC’s online submission platform by November 30, 2023. The new regime will come into effect on October 2, 2024. The SFC has issued a circular to the industry to provide further guidance on the scope of RA13 and transitional arrangements.
Resource:
https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=23PR83