Nov 2016 - Regulatory and tax newsletter

16 Nov, 2016
  • 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.

    November 2016 - Regulatory and tax newsletterPDF
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For further information, please don't hesitate to contact us.

Amelie Delaunay
Senior Director, Research & Professional Standards