REGULATION

HK's SFC freezes accounts in US Ponzi scheme

HK's SFC freezes accounts in US Ponzi scheme

Hong Kong’s Securities and Futures Commission (SFC) has obtained an interim court order to freeze bank accounts connected with a suspected $15m US Ponzi scheme that invested in Brazilian and African gold mines.

Published : 22, Mar 2017
Thailand opens to hedge funds

Thailand opens to hedge funds

Thailand’s Securities and Exchange Commission (SEC) has issued a regulation allowing asset managers to set-up hedge fund-like products for domestic institutional and high-net-worth investors.

Published : 17, Mar 2017
Singapore bans ex-Goldman Sachs banker in 1MDB scandal

Singapore bans ex-Goldman Sachs banker in 1MDB...

Former Goldman Sachs director Tim Leissner has been banned from working in Singapore’s financial services industry for 10 years for his involvement with stricken Malaysian sovereign wealth fund 1MDB, with further prohibition orders expected.

Published : 13, Mar 2017
HK regulator to require fee disclosure

HK regulator to require fee disclosure

Hong Kong’s Securities and Futures Commission will now require fund managers to disclose the ongoing charges figure (OCF) on their funds’ key facts statements (KFS), according to a circular from the regulator.

Published : 6, Mar 2017
New CBRC chief to `safeguard' $4.4trn in WM products

New CBRC chief to `safeguard' $4.4trn in WM products...

Guo Shuqing, the newly-appointed chairman of the China Banking Regulatory Commission (CBRC), has vowed to close cross-market financial product loopholes and tighten oversight of the nearly CNY30trn ($4.4trn) held in Chinese banks' wealth management products.

Published : 2, Mar 2017
SFC wants to widen definition of `professional investor'

SFC wants to widen definition of `professional...

Hong Kong’s Securities and Futures Commission is proposing to relax rules on determining whether a person is a HNW professional investor.

Published : 2, Mar 2017
SFC bans jailed ex-HSBC wealth manager for life

SFC bans jailed ex-HSBC wealth manager for life...

The Securities and Futures Commission has banned Li Lee from re-entering the industry for life for making false claims to her former employer, HSBC.

Published : 14, Feb 2017
China's CSRC orders fund name change

China's CSRC orders fund name change

Guaranteed funds in the mainland, worth RMB 320bn ($46.5bn), will be called “risk-hedging strategy funds” to reflect potential risks, according to the new guidelines released by the China Securities Regulatory Commission.

Published : 13, Feb 2017
CSRC halts kickbacks on investor introductions

CSRC halts kickbacks on investor introductions...

The Chinese regulator put a stop to `client service fees' paid by fund management firms to third-party sales agencies that introduce new institutional clients.

Published : 10, Feb 2017
1MDB scandal: Coutts fined $6.55m for `serious breach'

1MDB scandal: Coutts fined $6.55m for `serious...

Coutts must pay out $6.55m (CHF 6.5m) for serious breaches of anti-money laundering rules in connection with the scandal-torn Malaysian 1MDB sovereign wealth fund.

Published : 2, Feb 2017

Events

FSA Income Forums -- Singapore & Hong Kong 2017

Singapore, Tuesday 21st February

Hong Kong, Thursday 23rd February

OTHER STORIES FROM LAST WORD...