In November 2022, the Kishida administration of Japan published the Doubling Asset-based Income Plan, an economic policy to increase household asset-based income, especially for the middle class, and promote investment in the financial market.
On March 10, 2023, the first session of China's 14th National People's Congress approved a reform plan to reorganize Mainland China's financial regulatory bodies. Under the plan, the authorities will create a new regulatory body, the National Financial Regulatory Administration (NFRA)...
ICI Global coordinated the nine national, regional, and global industry associations that sent Indian Government officials the attached letters urgently requesting that the concessional 5% withholding tax rate on interest income paid to foreign portfolio investors (FPIs) be made...
On February 15, 2023, the Green Finance Industry Taskforce (GFIT), convened by the Monetary Authority of Singapore (MAS), published its third and final consultation on the proposed taxonomy for Singapore-based financial institutions ("Singapore Taxonomy"), seeking views on thresholds...
On 10 February, the Financial Conduct Authority (FCA) published a discussion paper on regulated firms' sustainability-related governance, incentives, and competence. The FCA's stated goals are to highlight good practices in this area and explore whether further regulation is needed.
On February 20, the Financial Conduct Authority (FCA) published a discussion paper on updating and improving the regime for asset management in the United Kingdom (UK). This comes in the wake of Brexit and the introduction of the UK's Future Regulatory Framework, which gives the FCA...
ICI Global submitted the attached response to the UK Financial Conduct Authority (FCA) consultation on Sustainability Disclosure Requirements (SDR) and investment labels for funds.
On January 24, the Economic and Monetary Affairs (ECON) Committee of the European Parliament approved (54 votes in favor and 3 against) its version of the legislative proposal revising the Alternative Investment Fund Manager Directive (AIFMD) and associated changes to the UCITS...
