Document background
The Fund Offering Memorandum is a crucial legal and marketing document used when launching or maintaining an investment fund in Hong Kong. It serves as the primary disclosure document required under Hong Kong's Securities and Futures Ordinance and various SFC codes and guidelines. This document is essential for funds seeking to raise capital from investors, whether through private placement or public offering. It contains comprehensive information about the fund's investment strategy, risk factors, fees and expenses, subscription and redemption procedures, and tax implications. The Fund Offering Memorandum must be regularly updated to reflect material changes and ensure ongoing compliance with Hong Kong regulatory requirements. It forms the basis of the legal relationship between the fund manager and investors, while providing potential investors with all necessary information to make an informed investment decision.
