All posts tagged "AMCs"
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190IndiaSEBI Updates Risk Management Framework for Mutual Funds, AMCs
Mutual funds and AMCs will be required to maintain mandatory metrics on investment risk, liquidity risk and credit risk, and perform stress tests at least monthly.
September 30, 2021 -
179Asia-PacificThailand SEC Streamlines Process for Mutual Fund Approvals
Asset managers can start submitting applications for approval to establish a new mutual fund using a new online system from 1 June.
June 11, 2021 -
190Capital RegulationCBIRC Offers New Model for Trust Firms to Dispose of Bad Assets
Trust companies can transfer bad assets to the balance sheet of China Trust Protection Fund, which was set up in 2014 to provide liquidity support to the trust sector through loans.
May 14, 2021 -
121India
SEBI Issues Compensation Guidelines for Fund Managers
20% of compensation of key AMC employees must be paid in the form of units of the mutual fund schemes in which they have a role or oversight.
May 5, 2021 -
1.8KIndiaBSE India Launches New Investment Platform for Fund Managers
Asset managers can transact for all their schemes through the new platform rather than switch between multiple platforms as is current practice.
November 18, 2020 -
689ChinaChina to Enhance Oversight of National Bad Debt Managers
The reforms are said to be in part aimed at shielding the Ministry of Finance from risk. The Ministry is the largest shareholder of each of the national AMCs.
March 27, 2020 -
498China
CBIRC Approves First National Bad Debt Manager in 20 Years
Jiantou Citic Asset Management will transition into a financial asset management company, making it the first new national distressed debt manager authorised since 1999.
March 18, 2020 -
801ChinaChina: Fees Hinder Entry of Foreign Distressed Debt Funds – Report
Offshore funds have to rely on accounting and law firms throughout the three- to four-year life cycle of a transaction in China, at cost of up to 15% of the transaction's value.
February 18, 2020 -
491IndiaSEBI Restricts FPI Service Provisioning by Local Asset Managers
Asset management companies can provide management and advisory services to "appropriately regulated entities" such as pension funds, insurance companies, banks and mutual funds.
December 18, 2019 -
1.1KCapital Regulation
China Issues New Rules for Distressed Asset Fund Managers
Under the new rules, local AMCs must price bad assets fairly and are prohibited from setting buyback terms in acquisition contracts to help financial institutions cover up bad assets.
July 17, 2019
