The SFC's OFC regime: the corporate fund vehicle, the operators who must be appointed, and the differences between public and private OFCs.
An open-ended fund company gives Hong Kong a corporate fund vehicle with variable share capital — a structure familiar to investors used to Luxembourg and Ireland, and one that a unit trust could not replicate.
This course works through the SFC's Code on Open-Ended Fund Companies. It covers the OFC's constitution and key operators — the board of directors, the investment manager, and the custodian — along with the eligibility requirements each must satisfy.
It then distinguishes public from private OFCs, sets out the investment restrictions and disclosure obligations that apply to each, and covers sub-funds and the segregation of liability between them. The course closes with ongoing obligations: reporting, changes requiring SFC approval, and the re-domiciliation route for existing offshore corporate funds.
Part 1
Statutory basis, the variable capital structure, and how an OFC compares with a unit trust.
Part 2
Board of directors, investment manager, and custodian — appointment, eligibility, and duties.
Part 3
Investment restrictions, disclosure obligations, and the distinctions between the two categories.
Part 4
Umbrella structures, segregation of liability, reporting, approvals, and re-domiciliation.
Once you have watched the seminar, a short multiple-choice assessment unlocks. Score 60% or higher and a Certificate of Attendance for 1 CPT hour is issued immediately, carrying a unique reference number.
The certificate resolves to a public verification page, so an employer or regulator can confirm it without contacting us. It also counts towards the CPT hours ledger on your dashboard.
See how verification worksRelated
Funds & asset management
Cap. 637 in depth: registering a Hong Kong LPF, the general partner's duties, the safe harbours for limited partners, and the AML responsibilities that come with the vehicle.
Course fee
HKD 950
