All posts tagged "funds"
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310IndiaRBI Allows Indian Residents to Open GIFT City Accounts
Funds deposited in GIFT City foreign currency accounts by Indian residents can only be used for investment purposes and not for spending.
February 10, 2021 -
199EnforcementKorea FSS to Order Banks to Compensate Lime Fund Investors
Woori Bank, Busan Bank and Industrial Bank of Korea have reportedly agreed to pay restitution to investors based on estimated damages.
January 26, 2021 -
262ChinaCSRC Revises Rules for Banning Access to Securities Market
The draft rules will allow regulators to restrict an individual or entity from trading in all securities and securities investment funds nationwide for up to 5 years.
January 25, 2021 -
424FeatureSGX, Temasek Partner on Digital Asset Infrastructure in Capital Markets
A new JV will use blockchain-based technologies to provide an issuance-to-settlement network for Asia bonds, funds and sustainable finance products.
January 23, 2021 -
228FeatureJapan FSA Opens New Dedicated Office for Foreign Firms
The new office will handle pre-application consultation, registration and supervision, with all communications available in English.
January 21, 2021 -
217Asia-PacificHong Kong, Thailand Agree Mutual Recognition of Funds
Each Hong Kong or Thai fund approved under the MRF scheme will have to appoint a firm in the other market to serve as its representative.
January 21, 2021 -
296EnforcementKorea FSS Identifies More Fraud, Bribery at Private Equity Firms
The FSS said it will impose sanctions on companies identified as being engaged in such practices, including to refer cases for criminal prosecution as needed.
January 5, 2021 -
298AML / KYC
SFC to Require OFCs to Appoint Responsible Person for AML
The requirement replaces an earlier proposal for OFCs to maintain a significant controllers register, which was deemed too operationally burdensome.
December 24, 2020 -
779Capital RegulationHKMA Updates Rules for Banks’ Equity Investments in Funds
The HKMA consulted on local implementation of the standard in January 2019. The new consultation contains amendments reflecting industry feedback.
November 22, 2020 -
1.3KAustralia & NZASIC Seeks Greater Powers to Collect Data from Managed Funds
ASIC's Karen Chester says insolvencies and macro forces could present greater liquidity challenges to fund managers and affect investors' ability to withdraw from funds.
November 21, 2020
