Fund Manager Code of Conduct — selected provisions
Nine short fund-administration passages are displayed as English original followed by official Traditional Chinese. The complete Code and PDF are not mirrored on this site.
中文： 以下仅摘录与基金行政直接相关的必要短段。英文与繁体中文均来自证监会2024年10月同版《基金经理操守准则》；未在本站复制整份文件。
English: Only the short passages directly relevant to fund administration are reproduced. Both languages come from the SFC's matching October 2024 editions; the complete document is not reproduced here.
Delegation / 授权
Paragraph 1.10 / 第1.10段
HK-FMCC1.10 A Fund Manager should exercise due skill, care and diligence in the selection and appointment of third-party delegates. Where functions are delegated to third parties, there should be ongoing monitoring of the competence of delegates, to ensure that the principles of this Code are followed. Although the investment management role of the Fund Manager may be sub-contracted, the responsibilities and obligations of the Fund Manager to the funds it manages may not be delegated.
1.10 基金經理應以適當的技能、小心審慎及勤勉盡責的態度，揀選及委任獲轉授職能的第三者。如將職能轉授予第三者執行，便應持續監督獲轉授職能者是否稱職，以確保本守則的原則獲得遵守。雖然基金經理可以分包合約形式將投資管理的職能轉授予他人，但其對所管理的基金負有的責任和義務則不可因此而予以轉授。
Custody / 托管
Paragraph 4.1.1 / 第4.1.1段
HK-FMCC4.1.1 A Fund Manager should ensure that any fund assets entrusted to it are properly safeguarded. In this connection, a Fund Manager should ensure that fund assets are segregated from the assets of the Fund Manager, and, unless held in an omnibus client account, assets of its affiliates and other clients. Fund assets not capable of being held in custody shall be identified as owned beneficially by the fund and not by the Fund Manager or the custodian through proper record-keeping.
4.1.1 基金經理應確保任何交託其保管的基金資產獲得妥善保障。就此，基金經理應確保將基金資產與基金經理的資產和(除非以綜合客戶帳戶持有)其聯繫人士及其他客戶的資產分隔開來。未能以託管方式持有的基金資產須透過妥善的紀錄保存從而識別為基金而非基金經理或代管人實益擁有。
Paragraph 4.3.3 / 第4.3.3段
HK-FMCC4.3.3 The Fund Manager should monitor custody arrangements and the custodian’s compliance with the terms of the custody agreement on an ongoing basis.
4.3.3 基金經理應持續地監督託管安排及代管人遵守託管協議書條款的情況。
Valuation, pricing and reconciliation / 估值、定价及对账
Paragraph 5.3.1 / 第5.3.1段
HK-FMCC5.3.1 A Fund Manager should ensure that, in respect of the fund it manages, appropriate policies and procedures are established so that a proper and independent valuation of the fund assets can be performed and valuation methodologies are consistently applied to the valuation of similar types of fund assets.
5.3.1 基金經理應確保就其管理的基金制訂合適的政策和程序，從而令基金資產可進行恰當及獨立的估值，以及種類相近的基金資產都是採用一致的估值方法。
Paragraph 5.3.4 / 第5.3.4段
HK-FMCC5.3.4 Where a Fund Manager arranges the appointment of a third party to perform valuation services, the Fund Manager should exercise due skill, care and diligence in the selection of the third party and should ensure that the third party’s activities are periodically reviewed.
5.3.4 如基金經理安排委任第三者提供估值服務，基金經理應以適當的技能、小心審慎和勤勉盡責的態度選擇第三者，並應確保定期對該第三者的活動進行檢討。
Paragraph 5.5.2 / 第5.5.2段
HK-FMCC5.5.2 A Fund Manager should ensure the valuation policies and procedures in respect of each fund it manages should seek to detect, prevent and correct pricing errors and to compensate fund investors in respect of any material error. Action should also be taken to avoid further error.
5.5.2 基金經理應確保其管理的每隻基金的估值政策和程序，應致力偵測、預防及糾正錯誤定價及就任何重大錯誤向基金投資者作出賠償，以及應採取行動避免進一步出錯。
Paragraph 5.6 / 第5.6段
HK-FMCC5.6 A Fund Manager should arrange to carry out reconciliations of the Fund Manager’s internal records against those issued by third parties, e.g. clearing houses, banks, custodians, counterparties and executing brokers, to identify and rectify any errors, omissions or misplacement of assets. Reconciliations should be performed regularly (and, in any event, at least monthly) having regard to the nature of the fund assets.
5.6 基金經理應安排基金經理的內部紀錄與由第三者(例如結算所、銀行、代管人、交易對手及執行買賣的經紀行等)所開具的紀錄進行對帳，以便識別及修正任何錯誤、遺漏或資產錯置的情況。對帳應視乎基金資產的性質而定期進行(及在任何情況下，至少每月進行一次)。
Fees and regulatory reporting / 费用及监管汇报
Paragraph 8.1 / 第8.1段
HK-FMCC8.1 A Fund Manager should disclose to a fund (and where the Fund Manager is responsible for the overall operation of a fund, fund investors) the basis and amount of its fees and charges.
8.1 基金經理應向基金(及基金投資者，如基金經理負責基金的整體運作)披露其收費的基準及數額。
Paragraph 9.1.1 / 第9.1.1段
HK-FMCC9.1.1 Fund Managers should provide appropriate information to the SFC on an ongoing basis upon request.
9.1.1 基金經理應按要求持續向證監會提供適當的資料。