Baker & McKenzie welcomes a recent announcement by the Australian Securities and Investment Commission (ASIC) and Hong Kong Securities and Futures Commission (SFC) that they have signed a Declaration of Mutual Recognition that will facilitate cross-border offers of managed funds to retail investors in Australia and Hong Kong.

This client alert contains:

• background and the scope of the Declaration;
• arrangements between ASIC and the SFC;
• information for Australian Fund Managers; and
• information for Hong Kong Fund Managers.