Increased Transparency for Investment Funds and Oversight of China-Linked Securities.
This law mandates greater transparency for investment funds that track market indexes, requiring disclosure of index providers and associated licensing fees. Crucially, it grants shareholders a vote if the fund's tracked index significantly increases its exposure to Chinese companies. Citizens will also receive annual reports detailing the governmental and political ties of those Chinese investments, allowing for better risk assessment.
Key points
Investment funds must disclose the identity of index providers they use and the licensing fees paid for tracking those indexes.
Significant changes to an index that increase the weighting of Chinese securities require authorization by shareholders or the fund's board.
Annual reports must detail the ownership and political ties (including CCP officials) of Chinese companies held by the fund.
Status:
Expired
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