Asia could see Mifid-lite regulations by 2020
The introduction of tougher fee disclosure rules in Europe spells bad news for high charging fund groups in Asia, as local regulators look to emulate the Mifid II rules.
Financial regulators in Hong Kong and Singapore could take inspiration from new funds regulation in Europe to introduce more transparency over fund charges, pressuring mutual fund houses and wealth managers to cut product costs for end investors, predict market observers.
Both Hong Kong’s Securities and Futures Commission (SFC) and the Monetary Authority of Singapore (MAS) are believed to be studying the impact of the Markets in Financial Instruments Directive II (Mifid II), which…
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