All posts tagged "funds"
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384Asia-PacificS. Korea to Launch Asia Region Funds Passport Next Week
Korea will join Japan, Thailand, Australia and New Zealand in implementing ARFP on 27 May, paving the way for cross-border sales of eligible publicly offered local funds.
May 20, 2020 -
400FeatureHong Kong Launches New Certification Scheme for ESG Funds
The new green finance certification scheme for ESG funds is an extension of the HKQAA's certification service for green funds, launched in September 2019.
May 15, 2020 -
420ChinaChina to Allow Foreign Banks’ Local Branches Fund Custody Licence
Under the trade agreement with the US in January, China committed to allowing branches of US financial institutions to provide fund custody services in the country within five months.
May 13, 2020 -
518EnforcementSFC Fines Mega International Commercial Bank Over Sales Practices
Mega 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, 2020 -
413EnforcementSFC Fines HSBC Units for Cash Management Failures at Funds
The identified concerns have all since been rectified, and the two units have agreed to pay over $430,000 into the affected funds, on top of a $451,000 fine from the SFC.
April 7, 2020 -
541FeatureSFC Steps Up Scrutiny of Fund Industry Amid Recent Volatility
The SFC reminds managers, trustees, custodians and intermediaries of funds to look out for clients interests amid "unprecedented volatility across asset classes".
March 27, 2020 -
429FeatureHKEX Sets Tentative Launch Dates for VCM, POS Enhancements
The volatility control mechanism will be expanded to over 500 stocks in May 2020. The enhanced pre-opening session for stocks and listed funds will be introduced in October 2020.
March 9, 2020 -
529ChinaChina: 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 -
565Fintech / RegtechIOSCO Highlights Debt Market Concerns in Annual Work Programme
The 2020 work programme provides an update on five existing priorities and an overview of planned work on a new priority - corporate debt and leveraged loans.
January 31, 2020 -
507Hong Kong
SFC Provides Licensing Guidance for PE Firms, Family Offices
The SFC has issued two circulars clarifying how licensing obligations apply to the activities of PE firms and family offices in Hong Kong.
January 8, 2020
