Hong Kong and Luxembourg regulators sign funds recognition agreement
The MoU is the latest agreement for the Hong Kong market as it looks to become a leading cross-border fund hub for international investors.
The MoU is the latest agreement for the Hong Kong market as it looks to become a leading cross-border fund hub for international investors.
UCITS assets under management are set to grow substantially over the next 30 years, though potential constraints on delegation arrangements are a concern.
Citi report highlights UCITS delegation rules as key issue for asset managers.
Setting up OFCs is said to save time and cost for managers establishing funds at other domiciles and distributing funds in Hong Kong.
The watchdog has called upon UK and German regulators to revise national exemptions on collateral requirements within the UCITS framework.
Regulators are hoping to harmonise the safekeeping requirements for UCITS and AIFMD funds, however this could mean stricter record-keeping requirements.
Broadridge extends regulatory, governance and communications business to European markets through acquisition.
Financial authorities across Europe are not all singing the same song when it comes to regulation of UK funds post-Brexit, finds Charles Gubert.