New year new rules
Ushering in the new year has bought a whole raft of regulatory changes for Hong Kong IFAS, some of which are deemed unwelcome.
Commission
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Standard Life launches HKcompliant
Standard Life has released a new version of an existing product to be compliant with Hong Kongs recent ban on indemnity commission while it plans new products for the rest of the year.
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Old Mutual Intl launches
Old Mutual International has launched a new wealth management product which is fully compliant with the ban on indemnity commission introduced in Hong Kong on 1 January this year.
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Juncker faces EU vote over Lux tax deals
Jean-Claude Juncker is to face a vote in the European Parliament next week that will decide whether he should resign from his post because of his alleged influence in crafting Luxembourg’s lenient tax regime.
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Juncker pledges tax crackdown but denies
The former Luxembourg Prime Minister has vowed to clampdown on tax avoidance in his new role as president of the European Commission, despite believing his own country’s tax system is in “full accordance” with European law.
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fca recommends unbundling research
The Financial Conduct Authority has recommended sweeping structural changes to the type of research investment managers can pay for with dealing commissions.
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Thai investors to complete mandatory suitability
Thailands capital market regulator is to make all investment companies ensure clients complete a suitability test before they are allowed to invest in any capital market products.
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australias regulator to monitor fofa changes
The man behind plans to make major changes to Australia’s answer to RDR, assistant treasurer Arthur Sinodinos, took to Australian national television Tuesday night to discuss the controversial plans, and revealed that the Australian Securities and Investments Commission would be tasked with monitoring the changes, if they go ahead.
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advisers riskiest sector says Australian regulator
The advice segment in Australia has come under fire from the country’s securities regulator today.
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australia govt to seek to water down
Financial planners in Australia will “once again be able to earn commissions for selling a wide range of investment products” if a government plan to “water down investor protection laws” goes through, one of the country’s leading financial publications reported over the weekend.
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sec aop aimc to develop pf committees prog
The Securities and Exchange Commission Thailand, Association of Provident Fund (AOP) and Association of Investment Management Companies (AIMC) have collaborated to develop an Accredited Provident Fund Committee Members Program (APC).
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exclusive report singapore industry says
An ad-hoc alliance of about 15,000 financial advisers and managers in Singapore has formed to defend the commission model for remunerating providers of financial services and advice, a Singapore newspaper is reporting exclusively today.