Jeremy Lam was recently quoted by Reuters in an article that discussed how EU regulatory concerns may be preventing thousands of funds from buying stocks, threatening the success of the Shanghai-Hong Kong Stock Connect scheme.
Several market participants said that Europe's main funds regulator, Luxembourg’s Commission de Surveillance du Secteur Financier has questioned whether Stock Connect’s arrangements meet Europe’s strict rules governing the safe-keeping of assets managed by mutual funds for retail investors, popular investment products known as UCITS.
“The Luxembourg regulator is asking the custodians to clarify that the custody arrangements comply with UCITS rules,” said Jeremy.
Please click here to read the Reuters article.
This piece also ran in the South China Morning Post, available here.