Firms offering digital advice will be exempted from the corporate track record and AUM requirements, under certain conditions.
Category: Regulation
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.
China wants to attract overseas fund talent
Chinese authorities have simplified procedures for Taiwan professionals to work in the fund industry and are now offering the exams in English.
Hong Kong, Singapore join global reg initiative
HKMA and Mas have joined counterparts in Dubai, Australia, the US and the UK to collaborate on a global innovation network that includes a sandbox to trial cross-border fintech solutions.
Noah: China’s regs will lead to WM shakeout
Despite recent ‘sweeteners’ to the new asset and wealth management guidelines, the wealth management industry will likely consolidate as the new regs are adopted, according to Andrew Xia, chief research officer at NYSE-listed Chinese wealth manager Noah.
Fund houses failing at plain English
A report names and shames asset managers that use the most obscure language, long sentences and jargon on their websites.
