All posts tagged "Private Funds"
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1.3KEnforcementS. Korean Regulators Apologise for Private Fund Losses
The FSC has meanwhile released new administrative guidance on private funds, aimed at strengthening supervision of the sector.
July 31, 2020 -
507EnforcementKorea FSS Formally Launches Probe Into Private Funds Industry
Any misconduct detected during the probe will be referred to prosecutors and follow-up efforts will be made to protect investors. The probe is expected to continue until 2023.
July 21, 2020 -
651Enforcement
FSS Korea Considers Legal Action Against HK Hedge Fund
Large losses on leveraged positions at Hong Kong-based Gen2 Partners earlier this year prompted a liquidity squeeze and a freeze on early redemptions.
July 7, 2020 -
876Enforcement
S. Korean Regulators to Probe All Private Fund Operators
A new inter-agency team, led by the FSS, will be established by mid-July, and refer any illegalities detected to authorities for 'swift action' including prosection.
July 5, 2020 -
625ChinaAMAC Issues Guidance on Private Fund Performance Remuneration
The guidelines articulate four basic principles private fund managers are required to follow in designing and implementing performance remuneration mechanisms.
June 13, 2020 -
806EnforcementSFC Highlights Key Regulatory Initiatives in Quarterly Report
Among the initiatives were the launch of the new OFC regime for private fund managers, a regulatory framework for virtual assets, and enhancements to the investor compensation regime.
February 25, 2020 -
388Enforcement
SFC Warns Against Concealing Identities of Transacting Counterparties
Listed entities should disclose counterparties’ controllers and beneficial owners in corporate transactions. Asset managers should maintain effective controls to detect dubious arrangements or transactions.
November 22, 2019 -
372China
AMAC Warns of Concentration Risk in China Funds Industry
Over 20,000 private fund managers registered with AMAC are controlled by fewer than 2,000 people, prompting concerns of excessive concentration in the industry.
October 21, 2019 -
Hong Kong
SFC Flags Irregularities in Private Funds and Discretionary Accounts
Hong Kong securities regulator expresses concerns on the management of private funds and discretionary accounts.
August 3, 2017
