SFC revises FASTrack rules, setting a 15-business-day approval target for eligible overseas funds

AI-assisted source summary · not independently verified. Content standards

SFC has revised the FASTrack circular, setting a 15-business-day approval target for eligible overseas funds. The process consists of deciding whether to accept an application within 5 business days, followed by completing the approval within the subsequent 10 business days, and applies only to applications with complete and adequately prepared materials. Eligible funds must be from markets that have an MRF arrangement with SFC and include simple funds such as equity, bond and mixed funds; complex products and funds with innovative features or that may raise broader policy issues are not eligible.