A number of Hong Kong-domiciled funds do not meet requirements of the UK’s Financial Conduct Authority (FCA).
Category: Regulation
Swiss PBs see risk in trips to China
The detention of a UBS Wealth Management staffer from Singapore has rocked the private banking community and resulted in some bans on travel to the mainland, reports say.
China’s Amac approves HK stock advisors
The Asset Management Association of China (Amac) announced the first batch of mainland-registered investment advisors focused on Hong Kong-listed equities.
SFC fines up 200% this year
The fines have increased in 2018 as a result of the regulator’s focus on “more serious matters”, according to enforcement chief Thomas Atkinson.
Singapore relaxes robo rules
Firms offering digital advice will be exempted from the corporate track record and AUM requirements, under certain conditions.
Taiwan unveils privileges for overseas managers
This year’s beneficiaries are Alliance Bernstein, Allianz Global Investors, Eastspring Investments, Schroders, Fidelity International, Franklin Templeton Investments and JP Morgan Asset Management.
SFC considers changes for MRF
Hong Kong’s Securities and Futures Commission (SFC) reveals discussions with the mainland regulator to relax the limit on overseas delegation.
Asia, Europe slammed for lax bribery controls
Top offenders include China, Hong Kong, Singapore, Belgium and Denmark, which have ‘little or no enforcement’ of anti-bribery laws, according to Transparency International (TI).
Robeco’s China fund terminates Taiwan sales
Robeco has requested that Taiwan’s regulator delist a China equity product because it could exceed the maximum A-share holding limit.
Cayman funds shrink in Hong Kong
Locally-domiciled funds in Hong Kong continue to grow, while Cayman Island funds saw a drop in number and assets, according to the Securities and Futures Commission’s second quarterly report.
