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SFC, FINMA agree to funds recognition channel

Hong Kong’s Securities and Futures Commission (SFC) and the Swiss Financial Market Supervisory Authority (FINMA) have signed a Memorandum of Understanding (MoU) to facilitate the distribution of eligible funds between the two jurisdictions. The Switzerland-Hong Kong Mutual Recognition of Funds and Asset Managers MoU establishes a framework for “exchange of information, regular dialogue and regulatory cooperation” with regards to cross-border…

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