Their surprise failure last week to sign up to the memorandum of cooperation is the result of temporary snags and internal processes, national regulators say.
Shenzhen connect awaits cabinet approval; Vietnam foreign ownership boost; Funds not too-big-to-fail; MPFA shelves adjustment proposal; Australia update on collective action
Technical issues delay SZ Connect; CSRC tightens margin lending; Japan sets out tax reforms; SFC mulls new legislation; Iosco urges less reliance on ratings agencies; and derivatives reporting changes sought.
HK hedge fund wins advert dispute; CFFEx lists 10-year bond futures; SFC considers dual-share structures; MAS to probe cases with police; Iosco agrees on Asia roadmap; and BIS warns of future fixed income crisis.
Hedge and PE funds could be considered systemically important financial institutions and have onerous capital requirements placed on them, suggests a new report by international watchdogs.
An American financial watchdog has been warned that classifying US asset managers as 'systemically important financial institutions' could seriously impair the growth of Asia's funds industry.
Philippines plans to implement ARFP; Mutual recognition a matter of timing, says Lam; Malaysia issues crowdfunding rules; Water Oasis ex-CEO admits to insider trading; Accountants settle US case.
Iosco launches cross-border consultation; Korea eyes stock market revival; China permits stock options, loosens ABS rules; Singapore to launch corporate bond platform; and US rewards Asian whistleblowers.
Managers may face AIFMD registration bottleneck, $100 billion-plus fund houses may face greater regulation, new Vietnam foreign-ownership rules, Aprea backs HK Reit reform.
Expectations of further ETF delistings in the region would point to a maturing industry, the consultancy argues. It still sees the growing market as up for grabs.
Consolidation is taking hold in Asia’s exchange-traded funds industry, with regulatory scrutiny rising and more ETF providers said to be willing to consider delisting.
Certain EU and Iosco proposals need work, says industry body ICI Global, which has just opened an Asia-Pacific chapter and welcomed its first Chinese fund house as a member.