Webinar - What you need to know regarding the Hong Kong – Luxembourg Mutual Recognition of Funds (MRF)

Discover more about the Hong Kong - Luxembourg MRF during this dedicated webinar

Arendt Seminar

Mar 14, 2019
10:00 AM


Mar 14, 2019
10:50 AM
Hong Kong
Timing : 05.00PM - 05.50PM HK time
10.00AM - 10.50AM CET
09.00AM - 09.50AM London time

Eleanor Wan
Stewart Aldcroft
Alwyn Li
Stéphane Karolczuk


In January, the Hong Kong Securities and Futures Commission (SFC) and the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) have signed a Memorandum of Understanding concerning Mutual Recognition of Funds (MRF). This is the fifth MRF arrangement entered into by the SFC over the past four years, with the People’s Republic of China (2015), Switzerland (2016), France (2018) and the United Kingdom (2018).

Speakers from Hong Kong and Luxembourg will discuss the content of this new Hong Kong Luxembourg MRF and the related circulars of the SFC and the CSSF, the conditions to benefit from the MRF and the actual advantages for Hong Kong fund managers and Luxembourg UCITS fund managers. In their discussion, the speakers will put this MRF in the broader context of the other MRFs in force and share views and practical experience in relation to European distribution of Hong Kong funds and of Luxembourg UCITS funds in Hong Kong and generally Asia.


Eleanor Wan, Chief Executive Officer, BEA Union Investment Management Limited

Stewart Aldcroft, Senior Advisor, Asian Fund Management Industry, Managing Director, Citi

Alwyn Li, Partner, Financial Services Group, Deacons

Stephane Karolczuk, Partner, Investment Management, Arendt & Medernach



– MRF schemes in force

– Hong Kong - Luxembourg MRF specificities

– Conditions to benefit from the Hong Kong - Luxembourg MRF

– Benefits for Luxembourg UCITS managers and Hong Kong fund managers

– Practical experience in relation to other MRFs

– Looking forward




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Stéphane Karolczuk

Stéphane Karolczuk is a Partner of Arendt & Medernach SA and the Head of the Hong Kong office. Stéphane advises clients based in the Asia Pacific region regarding their European projects and their Luxembourg legal and regulatory questions. As Partner in the Investment Management practice, Stéphane advises international clients on all issues relating to Luxembourg investment funds (UCITS or other vehicles) including the structuring, setting-up and marketing of these funds (under UCITS or AIFMD), as well as strategies involving investments in the Asia Pacific region and questions relating to the distribution of funds in the region. Stéphane also specialises in questions relating to the interna...

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