HONG KONG INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
Membership Details for the Year 2025
Investment Funds Regulatory Advisory Panel
| Objective |
| The Investment Funds Regulatory Advisory Panel (“Advisory Panel”) is grouped under the auspices of the Auditing and Assurance Standards Committee (“AASC”) to develop and update practice notes and other guidance to members on the authorized funds and retirement schemes related matters. |
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| Composition |
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The Advisory Panel reports to the AASC. Members include representatives from the industry and subject experts from firms. The Advisory Panel consists of six to eight members who collectively possess the following skillsets:
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| (a) |
have practical experience and direct knowledge of financial and regulatory reporting in matters specific to Hong Kong authorized funds and retirement schemes; and |
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| (b) |
be knowledgeable on the latest development of relevant legislation and regulations. |
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Terms of Reference
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| 1. |
To advise if the following affect the interests of members and the profession:
| (a) |
matters related to Hong Kong authorized funds and retirement schemes; and |
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| (b) |
rules and regulations issued by the authorized funds industry regulator and retirement schemes regulator, namely, the Securities and Futures Commission (“SFC”) and the Mandatory Provident Fund Schemes Authority (“MPFA”). |
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| 2. |
To review and comment on consultative papers, existing and proposed legislation and regulations related to Hong Kong authorized funds and retirement schemes which affect the interests of members and the profession. |
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| 3. |
Provide support to the Financial Reporting Standards Committee, AASC and the Ethics Committee in developing and updating accounting, assurance and ethics standards and guidance/ practice notes to members on matters related to Hong Kong authorized funds and retirement schemes, including: |
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| (a) |
reviewing and commenting on related exposure drafts issued by the Institute or other professional bodies (e.g. IASB and IFAC etc); and |
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| (b) |
updating the relevant practice notes, where appropriate, based on the latest development of the standards and industry practice. |
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| 4. |
To attend meetings with the Institute, the SFC, the MPFA and other professional bodies on ad hoc accounting and assurance matters specific to Hong Kong authorized funds and retirement schemes. |
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| 5. |
To contribute to the activities of the Institute by taking up the role of leader, forum chair and/ or article writer for designated investment funds related matters or projects. |
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