SFC proposals “may drive” fund launches to Singapore
More industry experts are voicing concerns about Hong Kong's planned fund manager conduct rules, saying the city risks losing business to its main rival.
Hong Kong’s markets regulator risks harming the city's competitiveness as an asset management centre with proposed changes to the fund manager code of conduct, argues Philippa Allen, chief executive of Compliance Asia Consulting.
The proposed measures formed part of a consultation paper issued by the Securities and Futures Commission (SFC) last Wednesday on the fund managers’ code of conduct (FMCC). They also incorporate proposals to increase the level of disclosure of fund commis…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.