In The News

Singapore – SGX Quarterly Reporting, Disclosures

On 9 January 2020, SGX adopts risk-based approach to quarterly reporting. Apply quarterly reporting (QR) requirements only for companies associated with higher risks while strengthening continuous disclosure requirements on all listed companies. Set out expectations on companies’ handling of material information, and established whistleblowing office to address tipoffs, feedback, complaints and short-seller reports. Quarterly Reporting…
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China – Foreign Investment Law Update

On 9 January 2020, CHI NDRC answered reporters' questions on foreign investment law. Answered why implementation regulations have to be concurrently implemented with law; rationale and consultation process behind formulating implementation regulations. Spoke about areas in which implementation regulations help to promote, and details of investment protection regulations that are of great concern to foreign…
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China – PRL Foreign Investment Law

On 6 January 2020, CHI NDRC published interpretations of the foreign investment law. Elaborated on provisions of the law, purpose, background, 5 year transitional period. Promulgation of foreign investment law and its implementation regulations is the result of the continuous reform of the foreign investment management system in China. Creating fair-competition business environment is main…
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E.U. – ESMA SFTR Reporting Guide and LEI

On 6 January 2020, ESMA issued report, guide, clarified SFTR reporting rules. ESMA published final report, guidelines on SFTR reporting together with amended validation rules and a statement on the use of legal entity identifiers (LEI). Follows ESMA May 2019 proposed guidance on finance transactions. Follows ESMA October 2019 issued validation rules, xmls for SFTR…
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China – SAFE Issued Report for Foreign Investment Firms

On 6 January 2020, CHI SAFE issued report for foreign firms investment. CHI SAMR and CHI SAFE jointly launched annual report on foreign firms investment. Follows the implementation of foreign investment law on 1 January 2020. Foreign Investment Foreign-invested enterprises established in China before 31 December 2019 should use national enterprise credit information publicity system…
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