Hong Kong’s Securities and Futures Commission (SFC) has obtained an interim court order to freeze bank accounts connected with a suspected $15m US Ponzi scheme that invested in Brazilian and African gold mines.
Category: Regulation
Thailand opens to hedge funds
Thailand’s Securities and Exchange Commission (SEC) has issued a regulation allowing asset managers to set-up hedge fund-like products for domestic institutional and high-net-worth investors.
Singapore bans ex-Goldman Sachs banker in 1MDB scandal
Former Goldman Sachs director Tim Leissner has been banned from working in Singapore’s financial services industry for 10 years for his involvement with stricken Malaysian sovereign wealth fund 1MDB, with further prohibition orders expected.
HK regulator to require fee disclosure
Hong Kong’s Securities and Futures Commission will now require fund managers to disclose the ongoing charges figure (OCF) on their funds’ key facts statements (KFS), according to a circular from the regulator.
New CBRC chief to `safeguard’ $4.4trn in WM products
Guo Shuqing, the newly-appointed chairman of the China Banking Regulatory Commission (CBRC), has vowed to close cross-market financial product loopholes and tighten oversight of the nearly CNY30trn ($4.4trn) held in Chinese banks’ wealth management products.
SFC wants to widen definition of `professional investor’
Hong Kong’s Securities and Futures Commission is proposing to relax rules on determining whether a person is a HNW professional investor.
China grants quotas for four AM firms
Pioneer Asset Management was among the firms that received an RQFII quota for the first time in February.
SFC bans jailed ex-HSBC wealth manager for life
The Securities and Futures Commission has banned Li Lee from re-entering the industry for life for making false claims to her former employer, HSBC.
China’s CSRC orders fund name change
Guaranteed funds in the mainland, worth RMB 320bn ($46.5bn), will be called “risk-hedging strategy funds” to reflect potential risks, according to the new guidelines released by the China Securities Regulatory Commission.
CSRC halts kickbacks on investor introductions
The Chinese regulator put a stop to `client service fees’ paid by fund management firms to third-party sales agencies that introduce new institutional clients.
