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.
Category: Regulation
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.
Banks handed tighter regs on fund due diligence
SFC’s recently introduced “complex product” regulations have extended retail investor due diligence requirements to professional investors.
SFC bans former UBS director for life
As a manager of investment portfolios for clients in Hong Kong, he was convicted of accepting illegal commission payments.
