10/14/2014
China opening more doors with the Shanghai Free Trade Zone by Paul McBride, King & Wood Mallesons,
The Shanghai FTZ is another move by the PRC Government to drive domestic economic reform and promote trade and cross border investment.
Legal, Regulation & Compliance
10/14/2014
China's new push for deregulation of Foreign Investment Regime by Rongkang Wang, King & Wood Mallesons
In response to the current trend of reform, the State Administration of Foreign Exchange (“SAFE”) has relaxed and integrates the foreign exchange rules concerning foreign investment.
10/14/2014
Regulatory proposals to tighten S-REITs are 'credit positive': Moody's
According to Moody's Investors Service, the regulatory proposals by MAS would foster financial discipline, enhance corporate governance and strengthen investor confidence.
10/14/2014
One Step Closer: The Hong Kong Competition Commission Publishes Draft Competition Guidelines
The publication of the Draft Guidelines brings Hong Kong a significant step closer to the full implementation of the Ordinance.
10/13/2014
New rules ease China investment in foreign real estate
New Measures for Foreign Investment Management (Measures No3), published early last month by the Ministry of Commerce, came into effect on October 6.
10/13/2014
New Zealand: Verdict in $1.6b fraud trial due
The fate of three businessmen accused of masterminding the "biggest fraud in New Zealand's history" will be determined tomorrow morning.
10/13/2014
Bakers elects new MP for HK, China, Korea, Vietnam
Milton joined the Firm’s London office in 1990 as a trainee solicitor
10/13/2014
International law firm names new head of Asian offices
He joined the Firm on 8 October 2014 from White & Case where he was a partner in the international arbitration group, with a focus on oil and gas, infrastructure and construction law.
10/12/2014
Managing the Requirements - and Costs - of Regulatory Reporting By: Tom Kirkpatrick
The increase in regulatory reporting requirements has become a major challenge for many investment managers.
10/12/2014
Asian fund passporting schemes could threaten UCITS
A source close to the Central Bank of Ireland (CBI), the Irish regulator, has said fund passporting schemes in Asia could facilitate reduced access for UCITS managers to investors in the region.
10/12/2014
Taiwan FSC to relax rules governing OSU business by end of October
Taiwan's top financial regulator said Friday it will relax rules governing the business scope of Taiwanese securities firms' offshore securities units, a move that could provide them with more opportunities.
10/10/2014
Govt wants to curb insurance mis-selling. But does it know where to begin?
The RBI does not seem to bother much about such unethical practices, following aggressive lobbying by the Indian Bank Association
10/10/2014
US hedge fund banned from Hong Kong trading
A New York-based hedge fund and its founder has been banned from trading securities in Hong Kong for four years after admitting to insider trading of Chinese banking equities.
10/10/2014
Proposed MAS changes to REIT regulations include adjustment to borrowing limits
The Monetary Authority of Singapore has proposed changes to the regulatory framework for real estate investment trusts, including adjusting the borrowing limit for these property investment vehicles.
10/09/2014
Linklaters advises on first Basel III Tier 2 Offshore bond by a Chinese entity
No doubt, more will follow in the coming months
10/09/2014
BSP orders banks to install additional security measures against card fraud
The Bangko Sentral ng Pilipinas has ordered banks to step up security measures against card fraud amid growing consumer complaints involving card skimming and similar schemes.
10/08/2014
Taiwan's FSC to step up consumer rights protection
Taiwan's Financial Supervisory Commission (FSC) is poised to remove a ceiling imposed on fines for violations of consumer rights caused by inappropriate sales of financial instruments, reports our Chinese-language sister paper China Times.
10/07/2014
Korea: Korindo head probed for alleged tax evasion
We will conduct the probe into these allegations in accordance with related procedures
10/07/2014
Banks request clarity on tax treatment over bonds under Basel III norms
Some of the regulators, including pension regulator (PFRDA), have also raised issues on the taxation structure of these bonds
10/06/2014
More asset managers opt to adopt CFA Institute’s code of conduct
The prospect of such a universal set of principles and values is paramount to true borderless markets