SFC confirms extension of deadline for claims by Maxim Fund buyers

The Court docket of First Occasion has granted the Hong Kong Securities and Futures Fee’s (SFC) software to increase the closing date for buyers to make claims in reference to funding schemes operated by Maxim Capital Restricted and Maxim Dealer (Maxim Fund) in Hong Kong by 30 November 2023.

In June 2022, the Court docket mandated 23 July 2022 the closing date for buyers to make claims when it ordered Maxim Capital Restricted and Maxim Dealer to pay qualifying buyers of the Maxim Fund following authorized proceedings introduced by the SFC below part 213 of the Securities and Futures Ordinance.

After the Unique Lower-off Date, the SFC continued to obtain enquiries from buyers who made claims for the very first time. In mild of those enquiries, the SFC made an software to the Court docket to increase the closing date for buyers to make claims after contemplating and balancing the pursuits of all stakeholders involved.

Underneath the newest Court docket order, buyers – who grew to become conscious of the Maxim Fund in Hong Kong and had invested in it however haven’t made a declare to the SFC on or earlier than 23 July 2022 – ought to make claims and submit particulars of the related funding to the SFC no later than 5:30pm on 30 November 2023 Prolonged Lower-off Date.

Pursuant to the latest order of the Court docket, no declare shall be accepted after the Prolonged Lower-off Date.