Asset managers selling Ucits products in Asia are now subject to new Mifid II rules, which will force decisions on their strategy for research, said Maurice Meijers, CEO of Robeco Singapore.
Category: Regulation
SFC fines EFG Bank for dealing futures without license
The Hong Kong operation of EFG Bank, a subsidiary of Swiss private bank EFG International, was fined HK$2m ($260,000) for dealing in futures contracts for 13 years without a required license.
Ex-StanChart PB head charged with bribery
A former private banking head at Standard Chartered Bank in China has been charged by Hong Kong’s Independent Commission Against Corruption (ICAC) this week with accepting a bribe.
Japan and Australia move towards ARFP
Japan and Australia have announced regulatory initiatives aimed to bring them closer to full implementation of the Asia Region Funds Passport (ARFP) scheme in 2018.
SFC warns of malpractice in AM industry
As Hong Kong’s asset management industry grows, the Securities and Futures Commission (SFC) issues new guidance on sales practices and managing conflicts of interest.
HK regulator proposes active ETFs
Actively managed exchange-traded funds (ETFs) are among the proposals that Hong Kong’s financial regulator has put forward in its newest three-month consultation process.
Why would someone invest in bitcoin?
Are there legitimate uses for bitcoin? EFG Asset Management’s head of research and deputy CIO Daniel Murray says that bitcoin is not a currency, but suggests three possible reasons why people would invest in it.
IMF warns on China’s high yield products
China’s increasingly complex financial system “has sown financial stability risks”, and high yield products from asset managers are part of the problem, the IMF said in its recent report.
CSRC: Approval process for HK equity funds resumes
China’s regulator has clarified its position on the halt of Hong Kong equity fund approvals and released some rules for firms intending to launch them.
HKMA eases access to second sandbox via ‘chatroom’
Fintech startups using the chatroom can now enter the regulatory sandbox without being required to have a bank partner, according to the Hong Kong Monetary Authority.
