HK SFC Proposes Greater Flexibility For Dissemination Of Prices And Net Asset values By Authorized Funds
The proposals give collective investment schemes greater flexibility in determining the means for making public their offer and redemption prices, net asset values (NAVs) and notices of dealing suspension. More frequent dissemination of prices and NAVs would also be required.
The proposals take into account recent developments in information technology and existing market practices as well as regulatory requirements in major overseas markets.
“We continually fine-tune our standards and practices and in this particular case we took note of the fact that members of the public now access information through a wide variety of channels,” said the SFC’s Chief Executive Officer, Mr Ashley Alder.