China regulators move to strengthen futures

05 Sep 2005

As predicted in last week's FO Week, China Securities Regulatory Commission (CSRC) has announced guidelines for the establishment of joint ventures between Chinese and Hong Kong based futures brokerages.

Observers expected the development to precede a flurry of...

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"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”

The FOA's Anthony Belchambers responds to the EC's Mifid review.