Under the changes, only a small group of more complex CIS would continue to be considered complex products and subject to additional disclosure requirements.
November 4, 2021Firms sold investment products with an aggregate transaction amount of HKD 5.7 trillion during 2020, with the participation of over 700,000 investors.
October 8, 2021Fund managers have 12-15 months to comply with the requirements, which cover governance, investment management, risk management and disclosure.
August 22, 2021In May, the Philippines became the fourth signatory to the ASEAN CIS Framework for cross-border funds after Malaysia, Singapore and Thailand.
August 22, 2021The draft guidelines will operationalise the supplemental MOU signed last month to admit the Philippines to the ASEAN CIS framework.
June 3, 2021From 5 July 2021, listing documents must be published solely in an electronic format, and new subscriptions must be made through online channels only.
December 21, 2020Following from a November 2017 consultation paper, MAS has set an 18-month transitional period for Singapore financial firms to comply with best execution requirements.
September 4, 2020Mega did not properly assess clients’ investment objectives, risk tolerance levels and knowledge of derivatives, or ensure the suitability of its fund recommendations for clients.
May 7, 2020The changes extend the requirements imposed on approved trustees and managers to VCCs, VCC directors and VCC custodians, while also introducing a best interest duty.
March 17, 2020The global exposure to financial derivatives must not exceed 20% of the qualifying fund's net assets, up from 10% previously.
January 29, 2020