In view of the current volatility in local and international markets caused by the COVID-19 outbreak, the Securities and Futures Commission (the SFC) has issued a circular aimed at management companies (Managers) and trustees and custodians of SFC-authorized funds (funds) reiterating best practices with which they are expected to comply, in order to look after the interests of their clients. Responsibilities of Managers Managers are reminded of their obligations to properly manage the liquidity of… Continue Reading