Managers urged not to rush into Asia passports

Various planned fund passporting regimes in Asia could potentially allow asset managers to enter new markets they previously found inaccessible in the region, but they must first evaluate client demand, among other factors, before making a decision to do so.

Jeremy said there has been far more dialogue between industry participants and regulators today than before. Asset managers should maintain regular communication with the regulators not just when they are in trouble but also as a means to keep themselves out of trouble, he continued.

Jeremy said he expects more regulation to be introduced in Asia, although the regulators are not rushing to do so.