In March’s issue, we have included:     
              

Australia

• New foreign investment laws in place from 1 January 2021
• CORIE framework launched to test cyber resilience of Australia's financial services industry
• ASIC issues information sheet on managing conduct risk during LIBOR transition

Cayman Islands

• DITC Economic Substance update – January 2021
• Cayman Islands and the FATF "Monitoring List"

China

• China and EU reach agreement in principle on investment

Hong Kong

• Bill providing tax concessions for carried interest distributed by eligible private equity funds operating in Hong Kong gazetted
• SFC previews new electronic licensing services
• SFC shares inspection findings of anti-money laundering/counter-financing of terrorism controls and compliance practices

Japan

• FSA announces publication of first report by Working Group on Capital Market Regulations of Financial System Council

Korea

• FSC to promote role of securities firms in corporate financing and venture capital market

Singapore

• Guidelines on Environmental Risk Management for Asset Managers
• MAS announces launch of grant scheme to support green and sustainability-linked loans

Lastly, we would like to thank our committee who helped putting together the newsletter. Details about this committee can be found here.