In this issue, we have included: 

China

 - China reforms foreign direct investment regulatory regime

Hong Kong

- BEPS consultation paper launched in Hong Kong
- SFC issues circular on automatic exchange of financial account information
- Hong Kong to commence automatic exchange of financial account information in tax matters with Japan and UK in 2018
- SFC issues advisory circular on client identity verification in account opening process
- SFC publishes FAQs on client agreement requirements

Japan

- Guidance on new transfer pricing documentation rules

Singapore

- MAS publishes revised FAQs on licensing and registration of fund management companies
- MAS publishes FAQs on offers of shares, debentures and collective investment schemes
- Financial institutions operating in Singapore can expect more aggressive anti-money laundering/counterterrorist enforcement
- MAS issues revised guidelines on outsourcing in Singapore
- MAS revises guidelines on criteria for grant of a capital markets services licence other than for fund management and real estate investment trust management

United Arab Emirates

- Promoting foreign investment funds in the UAE just got harder

Lastly, we would like to thank our working group who helped putting together the Newsletter.

 
For details of this working group, please click here.