Latest Guidance on Pooled Property Arrangements and Crowdfunding Property Investments
The Securities and Futures Commission (SFC) updated its FAQs on “Offers of Investments” under the Securities and Futures Ordinance (SFO) in June 2016 to include a new Appendix 1 providing guidance on collective investment schemes (CIS) involving interests in real property, particularly the features of real estate projects that may constitute a CIS and the consequences that may arise. The amendment of the FAQs reflects the SFC’s increased focus on offers of investments involving real property… Read more
