Circular to management companies of SFC-authorized unit trusts and mutual funds - enhanced fund data reporting

1. In view of international regulatory developments on fund data reporting, the SFC will refine the existing requirements for SFC-authorized funds’¹ (the Fund(s)) enhanced fund data reporting² to enhance its ability to perform supervisory and regulatory responsibilities, with effect from 31 January 2025.

   Refined requirements for enhanced fund data reporting
   

2. This circular supersedes the 2018 and 2021 Circulars and sets out the SFC’s requirements for enhanced fund data, covering periodic reporting of the Fund’s information in the following areas:

   Types of report	Reporting frequencies
   Subscription and redemption	Monthly
   Liquidity profile	Quarterly
   Asset allocation and leverage exposure3	Quarterly
   Securities financing transactions and securities borrowing transactions4	Annual

   The reporting forms fully set out the fund data required to be submitted under the refined requirements.

   Reporting forms and filing arrangements

3. Following the end of each report date, the SFC will send a submission request in the e-IP system on WINGS to the management company of each Fund. The request will include reporting forms, instructions on completing them and a link for submitting the completed forms to WINGS.
   

4. The management company (or its authorised entity, eg, the fund’s administrator) should complete and file the reporting forms with the SFC via WINGS within:

   (a) 10 business days from the report date for subscription and redemption report; and

   (b) five weeks from the report date for other types of report.

   Sample reporting forms

5. To facilitate preparation for the launch of enhanced data reporting, Attachments 1 – 4 provide sample reporting forms which set out the fund data required to be submitted under the refined requirements.

   General
   

6. The SFC may further refine or enhance reporting requirements, taking into consideration the local and international market and regulatory developments as well as the implementation of the enhanced fund data reporting.

7. Should you wish to seek clarification of any aspect of this circular, please contact our case officers in charge of your portfolio.

    

Investment Products Division
Securities and Futures Commission