hk to create fund industry to rival ucits
Hong Kong is in the process of updating its regulation on fund domiciliation in advance of a possible mutual recognition agreement with mainland China, says KPMG.
United Kingdom | 20 Mar 13
budget 2013 major crackdown on tax avoiders
George Osborne today unveiled what he said was “one of the largest ever packages of tax avoidance and evasion measures presented at a Budget” by a UK chancellor, but did not spell out the details.
Tax & Regulation | 20 Mar 13
sfc should get tough on hk life investment
The securities regulator's plan to tighten the rules on investment-linked insurance products is more an opportunity than a threat, Friends Provident International’s Hong Kong based general manager has told the South China Morning Post.
North America | 20 Mar 13
jersey agrees fatca deals with us uk
Jersey has ‘initialed an agreement with the US’ to comply with its pending Foreign Account Tax Compliance Act, and has also agreed an information reporting “package” with the UK.
Asset concentration on platforms across europe
The UK, France and Spain are the only markets in which the top three fund groups by size account for less than 50% of total fund assets, according to a study conducted by The Platforum and supported by Schroders.