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The Securities and Futures Commission (SFC) announced today that amendments to the Code on Unit Trusts and Mutual Funds were gazetted, thereby taking effect.
The amendments were made to implement proposals to give public funds greater flexibility in determining the means for making public their offer and redemption prices, net asset values and notices of dealing suspension (Note 1).
Updated frequently asked questions and circular are now available on the SFC website to provide further guidance to the industry on implementation of the proposals.
Note:
- These proposals were set out in the Consultation conclusions on the proposals to amend publication requirements relating to offer and redemption prices or net asset value, and notices of dealing suspension under the Code on Unit Trusts and Mutual Funds, published on 11 December 2014.
