Planned rules to shake up Asia wealth managers’ fee-sharing business

April 13, 2017 By Saikat Chatterjee and Sumeet Chatterjee HONG KONG (Reuters) – Hong Kong and Singapore are set to launch new disclosure rules for wealth managers on what they are paid by funds to sell their products, moves aimed at revealing conflicts of interest but which could disrupt a business that generates billions of dollars in fees. Regulators in the two main Asian wealth hubs are framing rules that will make such disclosures mandatory, people with direct knowledge of the matter said. Wealth managers in the two centers generally…

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