Hong Kong’s Securities and Futures Commission proposed additional protective measures for selling ‘complex’ products via online distributing platforms and for providing robo-advisory services.
Category: Regulation
Taiwan to allow local PE funds
Taiwan is expected to allow local fund managers to set up private equity funds, according to Jeff Chang, chairman of Taiwan’s Securities Investment Trust and Consulting Association (Sitca).
China’s de-risking push may signal big changes
The Chinese government’s warning on financial risk this week has put pressure on the country’s equity and bonds markets.
Ex-CSRC official fined $36m and banned for life
A former IPO approval committee member at the China Securities Regulatory Commission made an illicit gain of RMB 248m ($36m) by buying stakes in three pre-listed companies using insider information, according to the regulator.
Survey: Asia WMs single out strict regs as top concern
Tightening regulations are top of mind for Asia’s wealth managers, as well as how to get a share of Asia’s growing wealth pool, according to Singapore-based Arete Financial Partners.
Report: China’s $435m wealth management scandal unfolding
About 150 private banking clients of China Minsheng Bank’s Beijing Hangtianqiao sub-branch may have bought fake wealth management products that total as much as RMB 3bn ($435m), according to mainland media.
HK fines Coutts HK$7m for AML breaches
The Hong Kong branch of Coutts has been fined by the Hong Kong Monetary Authority (HKMA) for failing in its anti-money laundering (AML) and counter terrorist financing (CTF) checks.
Philippines arrests three Brits over investment scam
Three British nationals allegedly involved in a boiler room scam were arrested in the Philippines on Monday.
Firms digest Singapore’s new fund structure plan
An early response suggests adoption by asset managers will depend on how the new corporate structure is taxed.
Regulatory support boosts CoCos
A favourable regulatory approach should make contingent convertibles (CoCos) an attractive yield- generating product, said OMGI’s Michael Sullivan.
