HK SFC consulting on fund sales models: sources
Amid a consultation in Hong Kong on fee structures for fund sales, which sources say started last month, industry executives discuss the impact of changes in this area, including in Europe.
Regulators in Hong Kong have started consulting with asset managers and distributors with a view to putting in rules or guidelines around a more transparent fee structure for investment funds, according to sources.
Meanwhile, investors in Europe are said to be avoiding taking advice as a result of the ban on retrocessions there.
The consultation is said to have started about a month ago, with both the Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKM…
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