SFC updates ongoing charges disclosure requirements for retail funds

Hong Kong's Securities and Futures Commission (SFC) has announced changes to the requirements for the disclosure of ongoing charges in the Product Key Facts Statements (KFS) and website, relating to SFC-authorised funds which are being marketed to retail investors. Mandatory disclosure of both past performance and ongoing charges was introduced in 2014, and prescribes that all funds authorised in accordance with the HK Code on Unit Trusts and Mutual Funds that are marketed to the public must di