October 2022

On September 23, 2022, the draft revised Collective Investment Scheme Ordinance ("CISO") has been published for consultation. The new provisions mainly implement the rules on the new unregulated fund category for qualified investors, the so-called Limited Qualified Investor Fund ("L-QIF"). The consultation follows the enactment of the revised Collective Investment Schemes Act ("CISA") in December 2021 and is scheduled to last until December 23, 2022.