In September's issue, we have included:

Australia

• Consultation: Review of the regulatory framework for managed investment schemes

Cayman Islands

• Key Cayman Islands Voluntary Liquidations Deadlines and Dates
• Cayman Islands Monetary Authority Regulatory Measures for Regulated Entities

China

• China consults on administrative measures on data security in business areas regulated by PBoC

Hong Kong

• SFC issues circular on licensing and registration of depositaries of SFC- authorized collective investment schemes and related transitional arrangements
• SFC announces intention to adopt ISSB Sustainability Disclosure Standards
• Update on tax certainty for onshore disposal gains and refined foreign-sourced income exemption (FSIE) regime

Japan

• Implementation of consumption tax qualified invoicing system
• Waiver of withholding tax on dividends to certain domestic companies

Singapore

• MAS Proposes Code of Conduct for Providers of ESG Ratings and ESG Data Products

The United States

• SEC Enhances the Regulation of Private Fund Adviser

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

In July's issue, we have included:

Australia

• Changes to Australia’s interest limitation (thin capitalization rules)
• Update on ASIC’s recent greenwashing actions
• Managed Investment Trusts (MITs) – green buildings and build-to-rent
• Victorian budget 2023

British Virgin Islands

• Annual deadlines for BVI voluntary liquidation registration

Cayman Islands

• What investment managers need to know about FATCA and CRS reporting
• What private equity managers need to know to file a Cayman Islands fund annual return
• Cayman Islands Monetary Authority regulatory measures for regulated entities

China

• China Issues New Regulations on Medium and Long-term Foreign Debt
• AMAC Released The Guidelines for The Pilot Filing Of Private Real Estate Investment Funds

Hong Kong

• Consultation on Enhancing Tax Certainty of Onshore Gains on Disposal of Equity Interest
• The latest updates on developing family offices in Hong Kong
• A modified approach to issuance of Certificate of Resident Status in the Hong Kong SAR

Korea

• Korea strengthens document submission requirements for application of tax treaty exemption by foreign corporations

Singapore

• Guidelines on licensing, registration and conduct of business for fund management companies
• Changes to Singapore's family office tax regime (sections 13O & 13U)
• Public consultation on Proposed Income Tax (amendment) bill 2023

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

In April's issue, we have included:

Australia

• Australian Government Consults on Climate-related Financial Disclosures

British Virgin Islands

• British Virgin Islands Regulatory Obligations and Filing Deadlines 2023

Cayman Islands

• Helping to Manage the Challenges of SFDR Article 8 and 9 Funds

China

• China Issues New Regulations on Medium and Long-term Foreign Debt
• AMAC Released The Guidelines for The Pilot Filing Of Private Real Estate Investment Funds

Hong Kong

• Cross-agency Steering Group Announces Collaboration with CDP to Enhance Data Availability and Sustainability Reporting In Hong Kong
• Foreign-sourced Income Exemption under new FSIE regime

Japan

• FSA Proposes Amendments to Supervisory Guidelines Regarding ESG Investment Trusts

Korea

• FSC Announces Measures to Improve Foreign Investors' Access to Korean Capital Markets

Singapore

• MAS Revises Lodgment Practice Note for Collective Investment Schemes
• Buyer’s Stamp Duty (BSD) Rates to be Raised for Higher-Value Properties

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

In November's issue, we have included:

Australia

• Select corporate tax highlights of Australia’s budget

British Virgin Islands

• What You Need to Know About BVI Voluntary Liquidations

Cayman Islands

• New Regulatory Considerations for End of Year Liquidations

China

• Mainland China’s security assessment measures on cross-border transfers of data takes effect

Hong Kong

• A closer look at the new foreign-sourced income exemption regime

Malaysia

• Taxation of foreign source income: Guidelines on tax treatment in relation to income which is received from abroad

Singapore

• Circular on Enhancing Anti-Money Laundering and Countering the Financing of Terrorism Controls in the VCC Sector
• Commencement of New Requirements under the Corporate Registers (Miscellaneous Amendments) Act

United Kingdom

• Compliance with the UK register of overseas entities

Vietnam

• Amendments on a number of articles of decrees on Value Added Tax (VAT)

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

In September's issue, we have included:

Australia

• ASIC extends transitional relief for foreign financial services providers
• Australian Government consults on taxation treatment of digital currency
• Australian Treasury consults on multinational tax integrity and enhanced tax transparency measures

China

• China releases security assessment measures for data export
• Joint Announcement of the People’s Bank of China, the Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority

Hong Kong

• SFC publishes review of online brokerage, distribution and advisory services
• SFC updates FAQs relating to investment-linked assurance schemes

Japan

• FSA publishes draft guidelines providing details on creating, recordkeeping and reporting of transaction information in respect of derivatives transactions
• FSA publishes report and draft code of conduct for ESG evaluation and data providers

Singapore

• MAS publishes circular on disclosure and reporting guidelines for retail ESG funds
• MAS publishes information paper on strengthening AML/CFT practices for external asset managers
• MAS publishes circular on reporting of significant redemption, gating and suspension of funds

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

In June's issue, we have included:

Australia

• ASIC consults on financial services licensing requirements for corporate collective investment vehicles

Cayman Islands

• Inspections by the Cayman Islands Monetary Authority on Registered Persons under the Securities Investment Business Act
• Enforcement Guidelines in respect of the Common Reporting Standard and Economic Substance frameworks

China

• HKEX signs MOU with CEEX to explore Greater Bay Area, international carbon opportunities

Hong Kong

• Circular to REIT managers and applicants: Consequential amendments to the REIT Code in relation to conduct requirements for bookbuilding and placing activities
• Proposed Family Office Tax Exemption Regime in Hong Kong
• Circular to licensed corporations' importance of business continuity planning amidst latest COVID-19 situation

Japan

• Japan to regulate use and purchase of strategic real estate

Singapore

• Updated conditions of Sections 13O and 13U applications for family offices
• MAS revises FAQs on licensing and registration of fund management companies

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

In March's issue, we have included:

Australia

• ASIC welcomes new International Sustainability Standards Board and updated climate related disclosure guidance
• Australian Government consults on regulatory relief for foreign financial services providers

Cayman Islands

• Cayman Islands and the EU AML high risk third countries list

Hong Kong

• Circular to licensed corporations Updates to the reminder of business continuity planning in view of COVID 19 Vaccination Programme : Temporary Protection Measures for Business Tenants (COVID 19 Pandemic) Bill gazetted
• Temporary Protection Measures for Business Tenants (COVID 19 Pandemic) Bill gazetted
• Circular to Licensed Corporations and Associated Entities Anti Money Laundering / Counter Financing of Terrorism Updated AML/CFT Self Assessment Checklist
• HKEX Publishes Net Zero Guide & Announces New ESG Data Display

Japan

• FSA consults on facilitating entry of foreign securities brokers, investment advisors and investment managers into Japanese market
• JPX Publishes “Survey of TCFD Disclosure in Japan”

Korea

• Potential Comprehensive Real Estate Tax Bomb on Land for AMCs

Singapore

• Variable Capital Companies (Consequential Amendments to Other Acts) Order 2022 gazetted
• MAS revises guidelines on licensing, registration and conduct of business for fund management companies

United States

• SEC Proposes Sweeping New Interventions in the Private Funds Market

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

In November's issue, we have included:     

Australia

• ASIC publishes report on state of competition in Australian funds management industry
• Government consults on evaluation of 2021 foreign investment reforms

British Virgin Islands (BVI)

• British Virgin Islands introduces data protection act
• Economic Substance reporting requirements

China

• China releases Personal Information Protection Law

Hong Kong

• Government responds to inclusion of Hong Kong in EU's watchlist on tax co-operation
• SFC to introduce questionnaire on asset management activities regarding private funds and managed accounts
• SFC concludes consultation on anti-money laundering guidelines
• SFC concludes consultation on climate-related risks in funds
• HKMA releases the guideline on fund certification for carried interest tax concession

Japan

• Japan Enacts Law Restricting Land Use Near Important Facilities and on Islands Near Borders

Korea

• FSC informs financial investment businesses about upcoming changes in PEF rules

Malaysia

• Malaysia is now added to the revised European Union’s List of Non-Cooperative Jurisdictions for Tax Purposes

Singapore

• Public consultation on proposed changes to the Limited partnership Act
• SGX introduces listing framework for special purpose acquisition companies
• SGX consults on mandatory climate reporting, board diversity disclosures and common set of core ESG metrics
• MAS revises compliance toolkits for fund managers

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

In July's issue, we have included:     

Australia

• Government to consult on revisions to relief regime for foreign financial service providers
• APRA releases guidance on managing the financial risks of climate change

Cayman Islands

• Economic Substance Regime Extended to Partnerships
• FATCA and CRS Updates
• AEOI Reporting Deadlines

China

• China releases draft implementation rules on cross boundary wealth management connect pilot scheme in Greater Bay Area for public comment.

Hong Kong

• SFC announces launch of grant scheme for open ended fund companies and real estate investment trusts. SFC previews new electronic licensing services
• Government announces passage of Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021

Japan

• Clarification of taxation of carried interest for individuals as fund managers in Japan

Korea

• Authorities to Ease LTV Rules and Enhance Support for Rent to Help Strengthen Housing Ladder

Singapore

• MAS responds to feedback received on consultation on revisions to misconduct reporting requirements for representatives, and consults on proposals to mandate reference checks beyond representatives
• Guide for climate related disclosures and framework for green trade finance

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