Certain EU and Iosco proposals need work, says industry body ICI Global, which has just opened an Asia-Pacific chapter and welcomed its first Chinese fund house as a member.
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The law as it stands will impact Asia-based mutual funds in unforeseen ways, warns trade body ICI Global.
ICI Global, a new London-based trade organisation, has had limited contact with the Asian funds industry so far, but says that will change in the coming weeks.