The regulator has listed mutual funds that meet new ESG disclosure requirements aimed at countering greenwashing.
Tag: Regulation
SFC to relax regs on foreign-listed ETFs
Hong Kong’s regulator is responding to the demand for access to the plethora of offshore-listed ETFs.
SFC slaps banks with huge fines for DD failures
UBS, Morgan Stanley and Standard Chartered, as well as Merrill Lynch, were hit with a total $100m in fines for lapses in due diligence related to Hong Kong stock market listings.
Are you ready for the ‘complex product’ regs?
The difficulty lies in the distribution side collecting information on complex products from asset managers.
MAS explains AM supervisory changes
The regulator now has teams assigned to supervise asset management sub-sectors, such as traditional, alternative or real estate, according to Lim Cheng Khai, executive director at the Monetary Authority of Singapore (MAS).
‘Complex product’ regs could limit HK distribution
Some distributors in Hong Kong may avoid ‘complex products’ because of the added risk of being non-compliant, according to Rolfe Hayden, a partner at law firm Simmons & Simmons.
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.
China’s tighter regs may benefit JVs
Sino-foreign joint ventures stand to benefit in China’s tightening regulatory environment thanks to the relative transparency of their products and operations, said Rachel Wang, director of manager research for China at Morningstar.
