The Securities and Futures Commission (SFC) has announced the formal adoption of the Fund Authorisation Simple Track (FASTrack), effective 5 May 2025, following a successful six-month pilot.

FASTrack enables faster authorization of simple funds from Mutual Recognition of Funds (MRF) jurisdictions, targeting a 15-business-day turnaround for successful applications. All eligible applications during the pilot phase were processed within the target timeframe and received positive feedback.

For more information, please refer to the SFC’s official circular available here.

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