REGULATION

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
China’s top hedge fund manager jailed and fined $1.6bn

China’s top hedge fund manager jailed and fined...

Xu Xiang, dubbed ‘Hedge fund brother no.1’ in China, was put in prison for five-and-a-half years and fined a reported RMB 11bn ($1.6bn), for market manipulation.

Published : 25, Jan 2017
Jailed 1MDB scandal banker ‘spent $8.2m’ on Australia property

Jailed 1MDB scandal banker ‘spent $8.2m’ on Australia...

The former BSI banker Yeo Jaiwei, ‘sentenced beyond the norm’ for witness tampering by a Singapore court, used a Seychelles-based company to spend $8.2m on Australian Gold Coast property, the Guardian has reported.

Published : 16, Jan 2017
MAS to reinforce retail investor protection

MAS to reinforce retail investor protection

Retail investors in Singapore will receive greater protection following changes to the Securities and Futures Act (SFA).

Published : 10, Jan 2017
Singapore account holders must disclose tax residency status

Singapore account holders must disclose tax residency...

Account holders in Singapore have been told by the taxman to fully cooperate with their financial institutions as they determine the tax residency status of their clients under the Common Reporting Standard (CRS).

Published : 9, Jan 2017
 Singapore charges Falcon PB official

Singapore charges Falcon PB official

Swiss national Jens Sturzengger has become the first westerner to be charged by a Singapore court as part of the investigations into the 1Malaysia Development Bhd (1MDB) money laundering scandal.

Published : 6, Jan 2017
Pioneer suspends two fund managers

Pioneer suspends two fund managers

Two top fixed income fund managers, including one who manages funds for sale in Asia, have been suspended by Pioneer Investments, industry sources have confirmed.

Published : 7, Dec 2016

Events

FSA Income Forums: Singapore & Hong Kong 2017

Singapore, Tuesday 21st February

Hong Kong, Thursday 23rd February

OTHER STORIES FROM LAST WORD...