Overview

This update from Allen & Overy provides a snapshot of the most important regulatory developments in eight of the Asia Pacific region's key economies. The principle developments are as follows:

● China: Chinese regulator tightens control over foreign security provided for certain types of offshore financing transactions.
● Hong Kong: Tiger Asia and Hontex – limitations imposed on the enforcement powers of the SFC, and what this means for the market.
● India: the Reserve Bank of India has released draft guidelines for the licensing of new private sector banks in India.
● Singapore: Customer Account Reviews and Customer Knowledge Assessments under the Notice on Sale of Investment Products.
● Japan: regulations on rights issues in Japan.
● Thailand: the Thai SEC launched its new infrastructure fund – new stimulus for projects in Thailand through a fund vehicle.
● Australia: Australia's financial regulator wants investors to be informed and confident when investing in Exchange Traded Funds.
● Indonesia: Plans to curb ownership of local banks (which would affect foreign-held local banks).

For each of the above, a detailed outline of the issues is provided as well as analysis on how domestic and foreign businesses are likely to affected. Click 'View Briefing' to read the full update.