On a recent trip to Hong Kong, a European Union tax commissioner sought to counter criticism of the planned financial transaction tax, but it's still not clear how the levy will be applied.
The Italian financial transaction tax is due for collection from tomorrow, but some smaller brokers in Hong Kong are still readying themselves, says Ernst & Young.
Some form of the financial transaction tax being debated in Europe will come into force, but what the final rules will look like is still unclear, and a decision is some way off.
The global trading head at Axa's investments arm argues that exemptions are required to broad-brush transparency regulation to prevent a funding seizure.
Market operator Multifonds sees no prospect of Ucits falling out of favour in Asia, unless Europe imposes a financial transaction tax.