Code on Open-Ended Fund Companies — selected provisions
Eight necessary short passages cover custody, corporate administration, audit and financial reporting, termination, valuation and private OFC disclosure.
中文： 本页只收录《开放式基金型公司守则》第7至10章及第13章中与基金行政直接相关的短段。中文保持证监会官方繁体文本。
English: This page contains only short fund-administration passages from Chapters 7 to 10 and 13 of the OFC Code. The Chinese remains the SFC's official Traditional Chinese text.
Chapter 7 — Custody / 第7章 — 保管
Paragraph 7.3(b) / 第7.3(b)段
HK-OFC-CODE7.3(b) maintain proper and up-to-date records of all assets belonging to the OFC in the custodian’s books, which should include frequent reconciliations;
7.3(b) 在保管人簿冊內，就所有屬於開放式基金型公司的資產備存妥善及最新的紀錄，當中應包括經常地進行對帳；
Chapter 8 — Corporate administration / 第8章 — 法团行政
Paragraph 8.3 / 第8.3段
HK-OFC-CODE8.3 The manner in which shareholders may obtain relevant information in relation to the OFC and make enquiries with the OFC should be disclosed in the offering documents of the OFC.
8.3 股東可取得有關開放式基金型公司的相關資料及向該公司作出查詢的方式，應在該公司的要約文件內披露。
Chapter 9 — Audit and reporting / 第9章 — 审计及报告
Paragraph 9.1 / 第9.1段
HK-OFC-CODE9.1 The auditor appointed by an OFC must be independent of the investment manager, the custodian and the directors of the OFC.
9.1 獲開放式基金型公司委任的核數師須獨立於該開放式基金型公司的投資經理、保管人及董事。
Paragraph 9.8 / 第9.8段
HK-OFC-CODE9.8 Annual reports must be published within four months of the end of the OFC’s financial year. Interim reports (if any) must be published within two months of the end of the period they cover.
9.8 年報須於開放式基金型公司的財政年度結束後四個月內出版；中期報告（如有）則須於有關報告期結束後兩個月內出版。
Chapter 10 — Termination / 第10章 — 终止运作
Paragraph 10.2 / 第10.2段
HK-OFC-CODE10.2 Any decision to terminate an OFC should take due account of the best interests of the shareholders of the OFC. The directors and the investment manager should ensure that the termination process of an OFC is carried out in an orderly manner, and that the OFC’s shareholders are treated fairly.
10.2 任何終止開放式基金型公司運作的決定都應妥為顧及該開放式基金型公司股東的最佳利益。董事及投資經理應確保開放式基金型公司的終止程序以有序的方式執行，及該開放式基金型公司的股東獲得公平對待。
Paragraph 10.8 / 第10.8段
HK-OFC-CODE10.8 During the termination process and in valuing the assets of the terminating OFC, the directors in conjunction with the investment manager must ensure that fair valuation of the assets will apply, and seek to address conflicts of interest arising.
10.8 於終止程序期間，及在評估終止運作的開放式基金型公司的資產時，董事聯同投資經理必須確保對資產進行公平估值及設法處理可能產生的利益衝突。
Chapter 13 — Private OFC operations / 第13章 — 私人OFC运作
Paragraph 13.1 / 第13.1段
HK-OFC-CODE13.1 Fund operations including pricing, dealing, issue and redemption of shares, valuation, distribution policy, use of leverage, fees and charges in respect of a private OFC should be clearly set out in its instrument of incorporation and/or offering documents as appropriate.
13.1 私人開放式基金型公司的基金運作事宜，包括定價、交易、股份發行和贖回、估值、分派政策、槓桿的使用、費用及收費等，應清晰恰當地載列於該公司的法團成立文書及／或要約文件內。
Paragraph 13.2 / 第13.2段
HK-OFC-CODE13.2 In particular, the following principles must be complied with at all times: (a) the General Principles; (b) scheme property should be regularly valued in good faith; (c) there should be a proper and disclosed basis for asset valuation, pricing and redemption of shares; and (d) offer and redemption prices should be carried out at forward prices.
13.2 特別是，私人開放式基金型公司無論何時都必須遵循以下原則：(a) 一般原則；(b) 應定期真誠地對計劃財產進行估值；(c) 資產估值、定價和股份贖回應按照適當和已披露的方式基準進行；及(d) 發售價及贖回價應以遠期價格執行。