All posts tagged "trustees"
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422Australia & NZAustralia Introduces New Package of Royal Commission Reforms
The package includes reforms to strengthen consumer protections, including by making industry codes enforceable and enhancing FIs' breach reporting requirements.
November 16, 2020 -
522IndiaSEBI Revises Mutual Fund Side Pocketing Standards
Previously, only debt securities downgraded below investment grade can be side pocketed. Side pocketing will be allowed for even higher-rated debts that are restructured due to Covid-19.
September 9, 2020 -
440FeatureSFC to Enhance OFC Regime to Level Playing Field
The SFC will remove investment restrictions, expand custodian eligibility requirements, and introduce a statutory re-domiciliation mechanism.
September 3, 2020 -
553India
SEBI Issues Rules on Administrative Assistance to Trustees
Mutual fund trustees must appoint a dedicated employee with professional qualifications and a minimum five years of experience.
August 17, 2020 -
427ChinaCSRC Revises Rules on Corporate Bond Issuance, Trading
One of the main changes is the removal of a requirement for bond issuers to seek credit ratings, which will make it easier for companies to sell debt securities.
August 12, 2020 -
1.4KEnforcementS. 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 -
927Australia & NZASIC Tightens Timeframe for Complaints Handling in Financial Sector
Superannuation trustees have 45 days to respond to a complaint, compared to 90 days previously. Other financial services and credit providers have 30 days.
July 31, 2020 -
1.1KChinaChina Issues Authoritative Guidance on Handling Bond Disputes
In disputes involving breach of contract, fraud or false statements - the issuer, its controlling shareholders, directors, and senior management will be held liable for bondholder losses.
July 17, 2020 -
744FeatureHKMA Proposes New Code of Practice for Banks’ Trust Companies
The HKMA is looking to address a lack of conduct requirements for trust businesses used by banks and their subsidiaries for wealth management purposes.
July 13, 2020 -
400IndiaSEBI Provides Exit Route for Franklin Templeton Investors
Franklin Templeton will be allowed to list units of its six shuttered mutual funds on stock exchanges, providing an alternate exit route to investors whose money is trapped.
May 21, 2020
