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PEF / M&A SPECIAL HANDS FOR CORPORATE GOVERNANCE & FINANCE

Formation and Registration

Formation and
Registration of
PEF

The Financial Investment Services and Capital Markets Act (“Capital Markets Act”) requires PEFs and the persons who intend to become general partners of PEFs to register with the Financial Services Commission (Financial Supervisory Service). EHoo’s professionals advise clients on the formation and registration of PEFs, prepare the relevant partnership agreements, the rules of conduct of the general partners, and advise on compliance with the relevant regulations including filing requirements for corporate consolidation registration.

Unlike blind PEFs with no specific purposes or target investment, a project PEF formed for the objective of acquiring specific businesses shall carefully review every aspect of its existence from planning phase to the formation before inviting prospective members. EHoo can address all of our clients' needs in any type of matters related to PEF formation in today's ever-changing PEF regime.

The government is expected to change the registration rules to allow the PEFs to register after formation as opposed to the prior regime which required a registration before the formation. EHoo’s professionals are keeping close eyes on such current developments to provide clients with up-to-date advice