OFST710395 – HK Is Fund Eligible CIS under new CIES

Is the fund an Eligible CIS under New CIES?

Under the New Capital Investment Entrant Scheme (New CIES), eligible collective investment schemes (Eligible CIS) are a type of permissible investment assets (under the category of permissible financial assets). The scope of Eligible CIS includes: A. SFC-authorised funds (Note 1) managed by corporations licensed by or institutions registered with the SFC for Type 9 regulated activity; B. SFC-authorised real estate investment trusts managed by corporations licensed by or institutions registered with the SFC for Type 9 regulated activity; C. SFC-authorised Investment-Linked Assurance Schemes (ILAS) (Note 2) issued by insurers permitted to carry on Class C business as specified in Part 2 of Schedule 1 to the Insurance Ordinance (Cap. 41); and D. open-ended fund companies (OFC) registered under the Securities and Futures Ordinance (Cap. 571) (SFO) and managed by corporations licensed by or institutions registered with the SFC for Type 9 regulated activity.

*Note 1: Referring to unit trusts and mutual funds authorised by the SFC under the Code on Unit Trusts and Mutual Funds. *Note 2: Referring to ILAS authorised by the SFC under the Additional Guidance on Internal Product Approval Process.

More information can be found on the following link: https://www.sfc.hk/en/Regulatory-functions/Products/List-of-Eligible-Collective- Investment-Schemes-under-new-CIES

Allowed values

yes, no

Example

yes

FundsXML 4 mapping

FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFST710395 on the share class (or position), so FundsXML → openfunds restores it unchanged.

The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.

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Convert an openfunds file