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Mutual Recognition of Funds between Hong Kong and Thailand (HK-TH MRF)

​Mutual Recognition of Funds between Hong Kong and Thailand (“HK-TH MRF") aims to facilitate cross-border offerings of funds between Hong Kong SAR and Thailand with a view to enriching the types of financial products offered and deepening the mutual access between two financial markets. The HK-TH MRF marks an important milestone in the bilateral cooperation between Hong Kong SAR and Thailand, following the Memorandum of Understanding on Strengthening Economic Relations between Hong Kong SAR and Thailand signed on the 29th November 2019.

Participating CIS operators under the HK-TH MRF will have to comply to the Memorandum of Understanding (MoU) between the Securities and Futures Commission of Hong Kong (SFC) and the Securities and Exchange Commission of Thailand (SEC) Concerning Mutual Recognition of Covered Funds and Covered Management Companies and related Cooperation (“MoU"). This MoU is the bilateral agreed framework combining rules and conditions for funds and CIS operators to meet the eligibility requirements under the HK-TH MRF.


Please click here for the MoU, Appendix B – I – SFC Circular​, and AppendixB – II – SEC Circular.



Regulatory Summary



List of Restricted Assets

  • Virtual assets, i.e. digital tokens (such as digital currencies, utility tokens, investment tokens, or security or asset-backed tokens) and any other virtual commodities, crypto assets, and other assets of essentially the same nature;  

  • Loan participations;

  • Loan assignments;

  • Credit derivatives for non-hedging purposes i.e. protection seller CDS;

Please note that this is a non-exhaustive list of restricted assets. Hong Kong Covered Management Companies are encouraged to consult the SFC if in doubt on any issues. (As of October 2020)​


Related Rules and Regulations

Circulars



Related Forms


FAQs

  • Frequently Asked Questions on the HK-TH MRF​


List of approved HK-TH MRF Fund​s​ 

  • Inbound

  • Outbound



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