Andrew Mantel, the director of Pacific Sun Advisors, has lodged an appeal against his conviction for advertising a mutual fund to investors without regulatory permission in Hong Kong.
Category: Regulation
Thai investors to complete mandatory suitability
Thailand’s capital market regulator is to make all investment companies ensure clients complete a suitability test before they are allowed to invest in any capital market products.
Nikko Asset Management receives RQFII license
Nikko Asset Management Asia has received a renminbi qualified foreign institutional investor (RQFII) license from the China Securities Regulatory Commission (CSRC).
Fullerton gets RQFII nod to invest in China market
Singapore-based Fullerton Fund Management has received a license to invest in China’s domestic securities market.
HK US conclude FATCA talks sign pact
Hong Kong and the United States have concluded their discussions on the implementation of the Foreign Account Tax Compliance Act, with Hong Kong expected to sign a model 2 intergovernmental agreement later this year.
Singapore signs FATCA agreement
Singapore and the United States have signed an agreement which will enable Singapore-based financial institutions to more easily comply with the US Foreign Account Tax Compliance Act.
RBS receives second fine in under a month
The Royal Bank of Scotland (RBS) has been fined and received its second regulatory reprimand in less than one month after it was found guilty of misconduct in Hong Kong.
BlackRock receives RQFII license
BlackRock Asset Management North Asia, a subsidiary of BlackRock, has received its first renminbi Qualified Foreign Institutional Investor (RQFII) license from the China Securities Regulatory Commission.
Victoire Asia gets regulatory nod for HK business
Victoire Asia Investments, a specialist fund management company, has received permission from the Hong Kong Securities and Futures Commission to start its business in the country.
HK starts consultation for open fund company structures
The Hong Kong government has begun a three-month consultation for introducing open-ended fund company structures (OFCs).
