Fresh Stock Connect rule signals boost in China-HK investment channel
A new rule which allows Chinese mutual funds to invest in Hong Kong-listed shares without a domestic institutional investor licence (QDII) is an “important signal” that regulators are eager to boost cross-border trading between the two regions.
Tax & Regulation | 1 Apr 15
First FATCA reporting deadline passes, but issues remain
The first reporting deadline for the US Foreign Account Tax Compliance Act (FATCA) has now passed, although “obstacles” still stand in the way of full compliance.
Tax & Regulation | 1 Apr 15
Nine in 10 advisers still reliant on trail commission
Trail commission remains an important driver of income for 93% of advisers despite the charge being completely banned from next April, a survey has found.
United Kingdom | 31 Mar 15
Sesame to close advisory network for investment advisers
UK financial services giant, Sesame Bankhall Group, is to sell part of its advisory network in a bid to return the business to profit, despite a 30% reduction in new complaints in the second half of last year.
RWC launches new Japan fund
RWC has launched the RWC Nissay Japan Focus Fund with ‘day one’ investment totalling approximately $40m.