The country’s securities regulator wants fund managers and distributors to disclose more information about the products’ risks.
Category: Regulation
Foreign firms scramble in fast-changing China
Aberdeen Standard Investments is the latest wholly-foreign owned enterprise manager to expand into advisory services in China.
Ex-Goldman exec banned for life in HK
For involvement in the 1MDB scandal, Tim Leissner also has a lifetime prohibition on entering Singapore’s financial industry.
No takers for HK’s new fund structure
But the hope is that a July change in Cayman Islands regulations will steer hedge and private fund managers toward locally-domiciled funds.
Fund firms struggle with SFC’s responsibility regime
A number of firms are still finding it difficult to comply with Hong Kong’s manager-in-charge (MIC) regime.
MAS bans ex-UBS Singapore employee
While representing UBS Singapore, he had forged documents and falsified company emails, the regulator said.
HKEx sets guidance on board diversity
Companies that want to list on the Hong Kong Stock Exchange will be asked to explain why they lack diversity on the board.
Fullerton, NB expand China business scope
The two foreign firms are the first to receive approval to provide onshore investment advisory services in China.
SFC extends ‘complex product’ regs deadline
The original deadline in April has not given much time for distributors and fund managers to implement changes.
SFC slaps banks with huge fines for DD failures
UBS, Morgan Stanley and Standard Chartered, as well as Merrill Lynch, were hit with a total $100m in fines for lapses in due diligence related to Hong Kong stock market listings.
