An FMA review found that custody administration tasks are often being delegated back to fund managers, which weakens the separation of functions and duties.
December 17, 2019A Japanese delegation was reportedly in Hong Kong last week to meet with dozens of fund managers to persuade them to relocate to Tokyo.
November 25, 2019The legislative revision to implement the ARFP in Korea will take effect after six months, and will allow Korean funds to be eligible for offer in other member economies.
November 4, 2019Effective immediately, foreign financial institutions can establish wholly-owned banks in China, which can be operated alongside foreign bank branches and Sino-foreign joint venture banks.
October 17, 2019The SEC hopes to develop a viable REIT market to provide funding for infrastructure projects and investment opportunities for local investors.
October 10, 2019The SFC has published new requirements for virtual asset fund managers, relating to capital, best execution, liquidity and custody, among other areas.
October 7, 2019Securities, asset management and venture capital firms can obtain a license to operate a fund which raises capital from investors to list on the KRX and invests in unlisted companies.
October 1, 2019The stricter rules could create a significant new hurdle to investment in Japan, with foreign fund managers reportedly describing their effect as “chilling”.
September 24, 2019Some managers of privately-offered funds are using capital intended for specific investments on themselves or to illegally operate P2P lending businesses.
August 25, 2019The SFC asks fund managers to review their current policies, procedures, systems and processes and take immediate action to rectify any inadequacies or deficiencies.
August 24, 2019