AIMA Hong Kong Seminar: Demystify the New California Market-Based Sourcing Rules (25136-2) for the Asset Management Industry
AIMA invites you to this seminar on Tuesday 24 February 2026.
This session will provide a focused analysis of California's recently amended market-based sourcing regulation. We will dissect the new formal "look-through" provisions and their direct impact on how asset managers source their fee income, creating potential new state tax liabilities and filing obligations for firms with U.S. investors.
AIMA Host: Michael Bugel, Managing Director, Co-head of APAC, AIMA
Speakers:
- Darren Bowdern, Partner, KPMG China, Head of Asset Management Tax, ASPAC
- Ling Chen, Tax Partner, Asset Management, KPMG
- Matthew Sung, Audit Partner, Financial Services, Asset Management, KPMG
- Michael Stenske, Tax Senior Managing Director, Asset Management, KPMG
