With the Investment Funds Law (Law No. 11/2025) entering into force on 1 January 2026, our Calvin Tinlop Chui, has published the Macau Investment Funds Law Series, offering a structured overview of the new legal framework and its impact on Macau’s investment funds market.

🔎 The series covers:

• Fund Managers – Eligibility, three-pillar managements: Invest-Admin-Sales, outsourcing and liability.

• Custodians – Broadened eligibility, three-pillar framework: property custody-asset rights verification-operational monitoring, outsourcing and PF flexibility.

• Foreign Funds Inbound & Macau Funds Outbound – Cross-border access, redomiciliation, authorization and disclosure requirements

• Sales Entities – Conduct principles, contract requirements, management oversight and PF restriction.

• Limited Partnership Funds – GP and LP structure, qualified investors, comprehensive LP agreement and separate voting.

• Corporate Funds – Legal personality, variable or fixed capital,  shareholders’ limited liability.

• Contractual Funds – Public/ private dual availability, dual governance, board requirements and commercial law overlay.

This series highlights the key features of the new regime and provides practical insights for fund managers, custodians and other market participants navigating Macau’s evolving regulatory landscape.