HK regulator seeks to shine light on fund fees

Hong Kong’s markets watchdog has signaled its intent to turn the heat up on fund distributors by consulting on proposals that would provide more clarity around commission rates. The move is seen as being in line with the global trend towards increased product disclosure, but has stopped short of moves to ban commissions seen in countries such as Australia, the Netherlands and the UK. Some industry observers suggest the approach taken by the Securities and Futures Commission may be…