Regulations for Fund Management Companies
Is a fund management company allowed to conduct specified products borrowing and lending in respect of its clients’ portfolios?
last revised on 12 October 2021
Engaging in specified products borrowing and lending is considered to be carrying on a business of dealing in capital markets products. As provided in paragraph 2(b)(i) of the Second Schedule to the SF(LCB)R, an FMC may deal in capital market products, so long as such activity is solely incidental to its fund management business.