AsianInvestor's regulatory roundup, May 29
HK SFC sees expenditure grow; report on regulations' potential impact on ETFs; India's Sebi tackles fund rule breaches, asks for pension reform; and Myanmar's bourse is delayed.
Hong Kong: SFC expenditure growth tops US/UK regulators’
Hong Kong’s Securities and Futures Commission (SFC) saw its expenditure grow 120% from 2007 to the end of 2013, a new report reveals.
The figure is proportionally higher than the US and UK regulators’ spending growth in the same period, says financial services consultancy Kinetic Partners.
But despite peer-leading growth, the SFC’s expenditure of $152.50 million in 2013 remains only a fraction of the US Securities and Exc…
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