Known for its volatility, lack of transparency and still-evolving regulatory environment, China’s onshore equity market can be scary for even the most stoic institutional investor.
Legal & Regulation
Moneybrain, one of only four FCA authorised firms in the UK trading cryptocurrency, has welcomed the news that the FCA will still enforce its January 2021 deadline on hundreds of firms and sole traders that make the industry a ‘wild west’.
EFAMA has added its voice to calls from the French and Dutch financial market authorities’ for European regulation of ESG data, research and ratings.
The passage of the Digital Assets and Registered Exchanges Bill, 2020 (DARE) has put in place the legal framework for a vital, well-regulated and compliant industry in The Bahamas for those interested in entering the digital asset space.
By Sam Sturrock (pictured) & Paul Monahan – As frequent advisers on Jersey fund start ups, Collas Crill are often involved in preliminary structuring discussions with new fund managers and sponsors.
By Chris Griffin (pictured) & Robert Milner – Recently, the unprecedented combination of Brexit and Covid-19 has generated a sharp rise in the number of fund managers contemplating a move to Jersey. In this article, Chris Griffin and Robert Milner, funds partners in the Jersey office of leading offshore firm Carey Olsen, explore the reasons behind the increase in interest.
By Joe Moynihan, CEO, Jersey Finance – Rafts of global regulatory initiatives are continuing to challenge traditional fund structuring models and make the fund domiciliation picture far more complex, with investor buy-in becoming absolutely vital.
Fidelity International, the fifth largest asset manager in the world, has outlined plans to “close the gaps” in its climate change initiatives, in its first ever Task Force on Climate-related Financial Disclosures (TCFD) annual report.
Calls for tighter regulation on the EUR1.4 trillion European money market funds sector have been called “misguided” by the industry, which disputes the claims that central bank intervention prevented a fund liquidity crisis in March.
Legendary ‘Mr China’ investor explains why global asset managers will struggle to crack Chinese market
China is seen as the jewel in the asset manager’s crown. Since restrictions on foreign ownership were relaxed for the funds industry in April, global firms including BlackRock, Fidelity International and Vanguard have applied to set up wholly-owned mutual fund units in China, hoping to tap the country’s fast-growing USD2.6 trillion retail fund market.