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ARTICLE · 30 AUGUST 2021

Hong Kong SFC Finalizes Climate Risk Requirements For Fund Managers

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On August 20, 2021, Hong Kong's Securities and Futures Commission (SFC) published its conclusions (the "Consultation Conclusions") from last year's consultation (the "Consultation")...

Hong KongFinance and Banking
Mark Uhrynuk
Mark Uhrynuk
Alexander W. Burdulia
Alexander W. Burdulia
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On August 20, 2021, Hong Kong's Securities and Futures Commission (SFC) published its conclusions (the "Consultation Conclusions") from last year's consultation (the "Consultation") on proposed amendments to the Fund Manager Code of Conduct (FMCC) that will require fund managers to consider climate-related risks in their governance, investment and risk management processes. The Consultation Conclusions set out the SFC's analysis of the responses to the Consultation, as well as the final amendments to the FMCC that will require fund managers to implement a range of climate-related practices as early as August 20, 2022.

In this Blog Post, we provide a high-level overview of the amendments to the FMCC and highlight key takeaways from the Consultation Conclusions as Hong Kong enters a new phase of sustainable fund management.

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