In This Issue:
..New grandfathering regulations coinciding with the commencement of FOFA
..ASIC increases NTA requirements for custodians
..New Basel III disclosure requirements
- Hong Kong/China
..New CEPA supplement X: Opportunities for funds
..New bank-card-acquiring regulation
..Securities and Futures (Amendment) Bill 2013 marks regulation of new framework for OTC derivatives
..Proposed regulatory framework for financial benchmarks
..Foreign commercial banks can now establish their subsidiaries in Thailand
..Draft decree on the purchase of shares in Vietnamese credit institutions by foreign investors open to feedback
..Amended ordinance in foreign exchange control
- Excerpt from New grandfathering regulations coinciding with the commencement of FOFA:
The bans on conflicted remuneration, volume-based shelf space fees and asset-based fees on borrowed amounts took effect as of 1 July 2013, together with the statutory duties for financial advisers and rules for new ongoing advice fee.
Please see full issue below for more information.
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