Code on Unit Trusts and Mutual Funds — selected provisions
Ten core fund-administration passages are reproduced with the SFC's official Traditional Chinese. Consult the complete current Code on the SFC website.
中文： 以下为证监会2024年10月《单位信托及互惠基金守则》英文与官方繁体中文的必要短段，覆盖受托人／保管人、管理公司、估值定价、定价错误及财务报告。
English: These necessary short extracts from the SFC's matching October 2024 English and official Traditional Chinese editions cover the trustee/custodian, management company, valuation and pricing, pricing errors and financial reporting.
Trustee/custodian and management company / 受托人、保管人与管理公司
Paragraph 4.3 / 第4.3条
HK-UT-CODE4.3 A trustee/custodian must be independently audited to ensure that the applicable statutory and regulatory requirements on financial resources are complied with.
4.3 受託人／保管人的帳目必須經獨立審計，確保其符合有關財政資源的適用法定及監管規定。
Paragraph 4.7 / 第4.7条
HK-UT-CODE4.7 The trustee/custodian and the management company must be persons who are independent of each other.
4.7 受託人／保管人與管理公司必須為各自獨立的個體。
Paragraph 5.1 / 第5.1条
HK-UT-CODE5.1 Every collective investment scheme for which authorization is requested must appoint a management company acceptable to the Commission and shall comply with this Chapter on an ongoing basis.
5.1 申請認可的集體投資計劃，必須委任證監會接納的管理公司，並須持續地遵守本章的規定。
Paragraph 5.17 / 第5.17条
HK-UT-CODE5.17 The management company must cause the scheme's annual report to be audited by the auditor, and such report should contain the information in Appendix E.
5.17 管理公司必須安排將該計劃的年報交由核數師審計。該等報告應包含附錄E所載的資料。
Valuation, pricing and errors / 估值、定价与错误
Paragraph 6.11 / 第6.11条
HK-UT-CODE6.11 Offer and redemption prices should be calculated on the basis of the scheme's net asset value divided by the number of units/shares outstanding. Such prices should fairly reflect the value of a scheme’s assets and may be adjusted by fees and charges, provided the amount or method of calculating such fees and charges is clearly disclosed in the offering document.
6.11 發售價及贖回價必須按照該計劃的資產淨值，除以未贖回單位／股份的數目計算。計算後所得出的價格應公平地反映計劃的資產價值，並按照費用及收費予以調整，但有關費用及收費的數額及計算方法必須在銷售文件內清楚披露。
Paragraph 6.11A / 第6.11A条
HK-UT-CODE6.11A The management company should establish appropriate policies and procedures for independent valuation of each type of assets held by a scheme in consultation with the trustee/custodian. Such policies and procedures should seek to detect, prevent and correct pricing errors and be consistently applied. The management company should review the valuation policies and procedures on a periodic basis to ensure their continued appropriateness and effective implementation. The valuation policies, procedures and process should be reviewed (at least annually) by a competent and functionally-independent party such as a qualified independent third party or a person performing an independent audit function.
6.11A 管理公司應在諮詢受託人／保管人的意見後，就計劃所持有的每類資產制定適當的獨立估值政策及程序。相關政策及程序應旨在偵測、預防及糾正錯誤定價，並應獲貫徹採用。管理公司應定期檢討估值政策及程序，確保相關政策及程序持續適當及有效地執行。估值政策、程序和過程應由具備勝任能力且在職能上獨立的人士（例如合資格的獨立第三方或執行獨立審計職能的人士）至少每年進行檢討。
Paragraph 10.2 / 第10.2条
HK-UT-CODE10.2 If an error is made in the pricing of units/shares, the error should be corrected as soon as possible and any necessary action should be taken to avoid further error. Trustee/custodian should be informed of any error in the pricing of units/shares in a timely manner.
10.2 如果在釐定單位／股份的價格時出錯，便應盡快加以糾正，以及採取任何必要的行動，以避免進一步出錯。受託人／保管人應及時獲知會單位／股份的任何錯誤定價。
Paragraph 10.2A / 第10.2A条
HK-UT-CODE10.2A If the error results in an incorrect price of 0.5% or more of a scheme's net asset value per unit/share, the trustee/custodian and the Commission must be informed immediately.
10.2A 如果有關錯誤導致計劃每單位／股份的價格偏離其資產淨值達0.5%或以上，便必須立即通知受託人／保管人及證監會。
Financial reporting / 财务报告
Paragraph 11.6 / 第11.6条
HK-UT-CODE11.6 Financial reports of a scheme must be published in respect of its financial year. Annual reports containing the information provided in Appendix E must be published and distributed to holders within four months of the end of the scheme's financial year and interim reports containing information required in Appendix E must be published and distributed to holders within two months of the end of the period they cover.
11.6 計劃必須就其財政年度出版財務報告。載有附錄E所規定的資料的年報，必須在該計劃的財政年度完結後的四個月內出版及派發予持有人。載有附錄E所規定的資料的中期報告則須於有關報告期完結後的兩個月內出版及派發予持有人。
Paragraph 11.6A / 第11.6A条
HK-UT-CODE11.6A The annual reports must be prepared in compliance with internationally recognized accounting standards and the interim reports must apply the same accounting policies and method of computation as are applied in the annual reports of the scheme.
11.6A 年報必須以符合國際認可的會計準則的方式編製，而中期報告必須採用有關計劃的年報中所採用的相同會計政策及計算方法。