Hong Kong SFC & Central Bank of Ireland (CBI) Sign Updated MoU on Mutual Recognition of Funds to Allow Distribution of Eligible Public Funds in Hong Kong & Ireland, First MoU Signed in 1997 on Supervision of Cross-Border Investment Management Activities
15th May 2025 | Hong Kong
The Hong Kong Securities & Futures Commission (SFC) and the Central Bank of Ireland (CBI) have signed an updated MoU (Memorandum of Understanding) on Mutual Recognition of Funds to allow distribution of eligible public funds in Hong Kong & Ireland. The first MoU was signed in 1997 on Supervision of Cross-Border Investment Management activities. Announcement (14/5/25): “The Securities and Futures Commission (SFC) and the Central Bank of Ireland (CBI) today entered into a Memorandum of Understanding on Mutual Recognition of Funds (MoU) to allow the distribution of eligible Hong Kong and Irish public funds in each other’s market through a more streamlined process in light of the continued global financial market growth and increasing cross-border activities in asset management. This agreement serves as an updated cooperation framework following the two regulators’ MoU in 1997 on the supervision of cross-border investment management activities. The updated framework provides for the cross-border offering of eligible Hong Kong public collective investment schemes in Ireland for the first time, and of Irish Undertakings for Collective Investment in Transferable Securities (UCITS) that meet specific criteria to be authorised by the SFC for sale in Hong Kong under an expedited approval process (Note 1) … … Further details of the mutual recognition of funds scheme are set out in the SFC’s circular and the CBI’s circular issued today.”
“ Hong Kong SFC & Central Bank of Ireland (CBI) Sign Updated MoU on Mutual Recognition of Funds to Allow Distribution of Eligible Public Funds in Hong Kong & Ireland, First MoU Signed in 1997 on Supervision of Cross-Border Investment Management Activities “
Notes:
- Eligible simple funds domiciled and regulated in Ireland may be processed under the SFC’s FASTrack (Fund Authorisation Simple Track) approach to further expedite the authorisation process after the signing of the new MoU. Under FASTrack, the SFC undertakes to complete authorisation within 15 business days.
- The 10 jurisdictions which have mutual recognition of funds arrangements with the SFC are Australia, France, Luxembourg, Malaysia (in respect of Islamic funds), the Mainland, the Netherlands, Switzerland, Taiwan (in respect of exchange-traded funds), Thailand and the United Kingdom.
Hong Kong SFC & Central Bank of Ireland (CBI) Sign Updated MoU on Mutual Recognition of Funds to Allow Distribution of Eligible Public Funds in Hong Kong & Ireland, First MoU Signed in 1997 on Supervision of Cross-Border Investment Management Activities

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