Fri, Mar 7, 2014

The SFC confirms the licensing framework as it applies to private equity funds

The Hong Kong Securities and Futures Commission (“SFC”) has issued an FAQ relating to venture capital companies. A venture capital company that deals in or advises on private equity may not by itself attract a licensing requirement if the venture capital company deals in or advises on shares or debentures of a private company. This is because the definition of a private company under the Companies Ordinance is excluded from the definition of securities.

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