AsianInvestor's regulatory round-up, Feb 25
SFC bans ex-head of Ping An Securities; Australia clamps down on collective action; MAS looks at crowdfunding; Transparency for US systemic risk process; HK waives ETF tax; China rules to hit foreign IT.
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Hong Kong: Stamp duty wavier for ETFs
The Hong Kong government waived a 0.1% stamp duty on exchange-traded fund transactions to fall into line with other major financial centres.
Effective from February 13, its removal comes at a time of increasing competition from financial markets in the region. Australia, Japan, Korea and mainland China all do not impose stamp duty.
The move is an extension of a 2010 rule that waived the levy for ETFs whose AUM was more than 40% comprised of…
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