Overwhelmed by investor complaints, the Hong Kong regulator contacts UK regulators and HSBC and issues a rare public statement on the case.
Category: Regulation
Unlicensed manager sentenced to community service
Previous unlicensed individuals in Hong Kong were also convicted, but were slapped with fines.
Will the fee-based advisory model gain ground in Asia?
Regulatory developments in Taiwan and China are worth watching as they can potentially influence the shift to fee-based models in the region, according to a Cerulli report.
MAS bans six advisers
A client was defrauded from his unit trust investment, as the adviser knew the victim was not going to be in Singapore for a considerable period of time.
Another fund structure for Asia?
London-based industry think tank New City Initiative (NCI) is calling for a UK-branded fund structure to compete against Ucits and AIFs in Asia-Pacific.
Hong Kong and Thailand plan MRF agreement
The development should be positive for China-focused products in Hong Kong, as there are only a few funds in Thailand providing exposure to the mainland.
SFC reveals approved ESG funds
The regulator has listed mutual funds that meet new ESG disclosure requirements aimed at countering greenwashing.
SFC to relax regs on foreign-listed ETFs
Hong Kong’s regulator is responding to the demand for access to the plethora of offshore-listed ETFs.
UBS in Hong Kong slapped with $51m fine
The SFC fined the bank for ‘systematically overcharging’ around 5,000 clients on fees, according to the regulator.
Ex-CSRC head: tighten oversight
As China’s asset management industry opens and more foreign firms enter, regulations are not keeping pace, according to Xiao Gang, former head of the China Securities Regulatory Commission.
