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.
The Investment Company Institute is lobbying the US Congress to push for more access to ChinaÆs mutual funds business.
